Clean Yield Group held its position in Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the conglomerate’s stock at the end of the second quarter. Clean Yield Group’s holdings in Honeywell International were worth $543,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Clearbridge Investments LLC raised its position in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Honeywell International during the fourth quarter worth $97,371,000. Ameriprise Financial Inc. raised 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 worth $1,198,584,000 after buying an additional 773,734 shares during the last quarter. Swiss National Bank raised its position 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. Finally, CIBC World Markets Inc. raised its position in Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock worth $70,126,000 after buying an additional 543,617 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) traded down 1.06% during midday trading on Monday, hitting $138.56. 741,929 shares of the stock were exchanged. The firm’s 50-day moving average is $135.02 and its 200 day moving average is $128.45. The firm has a market cap of $105.38 billion, a PE ratio of 21.49 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. On average, analysts forecast that Honeywell International Inc. will post $7.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s payout ratio is currently 41.24%.
ILLEGAL ACTIVITY WARNING: This story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://stocknewstimes.com/2017/08/07/clean-yield-group-has-543000-position-in-honeywell-international-inc-hon-updated-updated.html.
A number of research analysts recently weighed in on HON shares. Barclays PLC raised their price target on shares of Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Morgan Stanley restated an “overweight” rating and set a $141.00 price objective (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, Citigroup Inc. raised their price objective on shares of Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $138.58.
In other news, Director Bradley T. Sheares sold 3,430 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the transaction, the director now owns 8,731 shares of the company’s stock, valued at approximately $1,149,960.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 116,021 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $131.70, for a total value of $15,279,965.70. Following the completion of the transaction, the senior vice president now directly owns 286,199 shares in the company, valued at approximately $37,692,408.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 468,885 shares of company stock valued at $63,945,128. 1.56% of the stock is owned by company insiders.
About Honeywell International
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
