Honeywell International Inc. (HON) Shares Sold by Segment Wealth Management LLC
Segment Wealth Management LLC cut its stake in Honeywell International Inc. (NYSE:HON) by 30.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,800 shares of the company’s stock after selling 800 shares during the period. Segment Wealth Management LLC’s holdings in Honeywell International were worth $209,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HON. American National Bank boosted its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares during the last quarter. Ironwood Financial llc purchased a new stake in Honeywell International during the first quarter valued at about $122,000. Zions Bancorporation boosted its stake in Honeywell International by 14.6% in the first quarter. Zions Bancorporation now owns 1,332 shares of the company’s stock valued at $152,000 after buying an additional 170 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Honeywell International by 78.2% in the second quarter. Tortoise Investment Management LLC now owns 1,367 shares of the company’s stock valued at $159,000 after buying an additional 600 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its stake in Honeywell International by 1,062.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,395 shares of the company’s stock valued at $156,000 after buying an additional 1,275 shares during the last quarter. Institutional investors own 76.55% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.28% during trading on Tuesday, hitting $114.86. 1,445,967 shares of the company were exchanged. The stock has a market cap of $87.39 billion, a P/E ratio of 18.17 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $91.57 and a 12 month high of $120.02. The company’s 50-day moving average price is $115.64 and its 200 day moving average price is $114.59.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. During the same quarter last year, the business earned $1.51 earnings per share. Honeywell International’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post $6.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were given a dividend of $0.595 per share. The ex-dividend date was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is currently 37.66%.
Several research firms recently issued reports on HON. Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Barclays PLC raised their target price on shares of Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. Stifel Nicolaus decreased their target price on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 target price on shares of Honeywell International in a research note on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $122.41.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 108,712 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares in the company, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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