Armbruster Capital Management Inc. continued to hold its position in Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new position in Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. boosted its stake in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. MCF Advisors LLC boosted its stake in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Honeywell International during the fourth quarter worth $156,000. Finally, Sfmg LLC acquired a new stake in Honeywell International during the first quarter worth $200,000. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded down 0.44% during trading on Friday, hitting $135.25. 664,200 shares of the stock were exchanged. The firm has a 50 day moving average price of $136.35 and a 200 day moving average price of $129.97. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21. The firm has a market capitalization of $102.87 billion, a P/E ratio of 20.97 and a beta of 0.94.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. Analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
HON has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research note on Thursday, July 20th. BidaskClub cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada upped their target price on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $148.00 target price on shares of Honeywell International in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a research note on Friday, April 21st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $139.64.
In related news, VP Jennifer H. Mak sold 5,510 shares of Honeywell International stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total transaction of $726,658.80. Following the sale, the vice president now directly owns 3,141 shares in the company, valued at approximately $414,235.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Insiders have sold a total of 469,799 shares of company stock worth $64,094,877 over the last ninety days. 1.56% of the stock is currently owned by 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.
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