CIBC World Markets Inc. trimmed its position in Honeywell International Inc. (NYSE:HON) by 42.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,659 shares of the conglomerate’s stock after selling 240,936 shares during the quarter. CIBC World Markets Inc.’s holdings in Honeywell International were worth $42,741,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teza Capital Management LLC bought a new stake in Honeywell International in the first quarter valued at $2,997,000. Haverford Trust Co. grew its position in Honeywell International by 3.7% in the first quarter. Haverford Trust Co. now owns 16,764 shares of the conglomerate’s stock valued at $2,093,000 after acquiring an additional 597 shares during the period. Camarda Financial Advisors LLC grew its position in Honeywell International by 1,754.8% in the first quarter. Camarda Financial Advisors LLC now owns 5,175 shares of the conglomerate’s stock valued at $646,000 after acquiring an additional 4,896 shares during the period. Balasa Dinverno & Foltz LLC grew its position in Honeywell International by 1.0% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,903 shares of the conglomerate’s stock valued at $487,000 after acquiring an additional 39 shares during the period. Finally, Goelzer Investment Management Inc. grew its position in Honeywell International by 0.5% in the first quarter. Goelzer Investment Management Inc. now owns 52,040 shares of the conglomerate’s stock valued at $6,498,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 76.24% of the company’s stock.
In other news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,242 shares of company stock worth $2,889,943. 1.56% of the stock is currently owned by insiders.
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Several analysts have recently commented on the company. Royal Bank Of Canada increased their target price on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Credit Suisse Group restated a “neutral” rating and set a $150.00 target price (up previously from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Citigroup Inc. increased their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Vertical Research restated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Finally, Cowen and Company restated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a report on Tuesday, October 10th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and an average price target of $150.79.
Honeywell International Inc. (NYSE:HON) opened at $146.49 on Friday. Honeywell International Inc. has a one year low of $111.78 and a one year high of $147.60. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $111,599.45, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. equities research analysts expect that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.
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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