Spectrum Management Group Inc. reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,070 shares of the conglomerate’s stock after selling 170 shares during the period. Spectrum Management Group Inc.’s holdings in Honeywell International were worth $633,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of 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 in the last quarter. 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 period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of 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 in the last quarter. TD Asset Management Inc. boosted its position in shares of 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 in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of 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 in the last quarter. 76.49% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.66% during midday trading on Friday, hitting $134.95. 2,977,551 shares of the stock were exchanged. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The firm’s 50 day moving average is $136.42 and its 200-day moving average is $130.09. The stock has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion during 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%. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. On average, analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
TRADEMARK VIOLATION WARNING: “Honeywell International Inc. (HON) Shares Sold by Spectrum Management Group Inc.” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2017/08/19/honeywell-international-inc-hon-position-lowered-by-spectrum-management-group-inc-updated-updated.html.
A number of brokerages have commented on HON. Cowen and Company restated a “buy” rating and set a $140.00 price target on shares of Honeywell International in a research note on Monday, July 17th. Oppenheimer Holdings, Inc. raised their price target on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Citigroup Inc. lifted their target price on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus lifted their target price on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, HSBC Holdings plc assumed coverage on shares of Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $139.64.
In related news, SVP Katherine L. Adams sold 116,021 shares of Honeywell International stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $131.70, for a total value of $15,279,965.70. Following the completion of the sale, the senior vice president now directly owns 286,199 shares in the company, valued at $37,692,408.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 5,510 shares of Honeywell International stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the sale, the vice president now owns 3,141 shares of the company’s stock, valued at $414,235.08. The disclosure for this sale can be found here. Insiders have sold 469,799 shares of company stock valued at $64,094,877 over the last ninety days. 1.56% of the stock is owned by insiders.
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.
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.
