Parkside Financial Bank & Trust grew its holdings in Honeywell International Inc. (NYSE:HON) by 21.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,929 shares of the conglomerate’s stock after buying an additional 343 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Honeywell International were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Thoroughbred Financial Services LLC grew its stake in Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares in the last quarter. Janus Henderson Group PLC grew its stake in Honeywell International by 131.0% during the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock valued at $495,664,000 after acquiring an additional 1,610,006 shares in the last quarter. Clearbridge Investments LLC grew its stake in Honeywell International by 8.5% during the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock valued at $1,099,530,000 after acquiring an additional 544,684 shares in the last quarter. Geode Capital Management LLC grew its stake in Honeywell International by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after acquiring an additional 478,988 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Honeywell International by 92.3% during the second quarter. First Trust Advisors LP now owns 673,045 shares of the conglomerate’s stock valued at $117,507,000 after acquiring an additional 323,065 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the stock. Credit Suisse Group boosted their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley boosted their price objective on shares of Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Cowen reaffirmed a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. Finally, Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $184.08.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter in the previous year, the company earned $2.12 EPS. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s dividend payout ratio is presently 40.95%.
In other news, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the sale, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The disclosure for this sale can be found here. In the last three months, insiders sold 25,133 shares of company stock valued at $4,141,655. Corporate insiders own 0.73% of the company’s stock.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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