Armbruster Capital Management Inc. held its position in Honeywell International Inc. (NYSE:HON) during the first quarter, Holdings Channel reports. The fund owned 834 shares of the conglomerate’s stock at the end of the first quarter. Armbruster Capital Management Inc.’s holdings in Honeywell International were worth $104,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares during the period. Swiss National Bank increased its stake in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Honeywell International by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,041,996 shares of the conglomerate’s stock worth $254,984,000 after buying an additional 24,477 shares during the last quarter. TD Asset Management Inc. increased its stake in Honeywell International by 3.6% in the first quarter. TD Asset Management Inc. now owns 1,409,503 shares of the conglomerate’s stock worth $176,005,000 after buying an additional 49,417 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock worth $172,401,000 after buying an additional 74,611 shares during the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 136.79 on Monday. The stock has a market cap of $104.04 billion, a PE ratio of 21.21 and a beta of 0.95. The company’s 50 day moving average is $134.85 and its 200-day moving average is $128.03. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $138.70.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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A number of analysts have commented on HON shares. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 price objective on shares of Honeywell International in a report on Tuesday, April 11th. Credit Suisse Group reiterated a “hold” rating and issued a $115.00 price objective on shares of Honeywell International in a report on Tuesday, April 11th. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and an average target price of $138.58.
In related news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David M. Cote sold 969,650 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $130.78, for a total transaction of $126,810,827.00. The disclosure for this sale can be found here. Insiders sold 1,137,646 shares of company stock valued at $148,914,756 over the last 90 days. Insiders own 1.56% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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