OLD National Bancorp IN Boosts Position in Honeywell International Inc. (HON)
OLD National Bancorp IN boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 31.5% during the second quarter, Holdings Channel reports. The institutional investor owned 12,830 shares of the company’s stock after buying an additional 3,072 shares during the period. OLD National Bancorp IN’s holdings in Honeywell International were worth $1,493,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in HON. Acadian Asset Management LLC increased its position in shares of Honeywell International by 395.4% in the first quarter. Acadian Asset Management LLC now owns 29,299 shares of the company’s stock worth $3,284,000 after buying an additional 23,385 shares in the last quarter. RNC Capital Management LLC bought a new position in shares of Honeywell International during the first quarter worth approximately $250,000. CHURCHILL MANAGEMENT Corp increased its position in shares of Honeywell International by 31.5% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 67,089 shares of the company’s stock worth $7,517,000 after buying an additional 16,090 shares in the last quarter. Moon Capital Management LLC bought a new position in shares of Honeywell International during the first quarter worth approximately $298,000. Finally, Searle & CO. increased its position in shares of Honeywell International by 2.2% in the first quarter. Searle & CO. now owns 19,161 shares of the company’s stock worth $2,170,000 after buying an additional 410 shares in the last quarter. 76.50% of the stock is owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 0.16% during trading on Wednesday, hitting $114.69. The stock had a trading volume of 832,546 shares. The firm’s 50 day moving average is $115.61 and its 200 day moving average is $114.64. The firm has a market cap of $87.26 billion, a price-to-earnings ratio of 18.14 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $91.57 and a 1-year high of $120.02.
Honeywell International (NYSE:HON) last issued 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. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 EPS. On average, analysts anticipate that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.
A number of brokerages have recently commented on HON. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating and set a $113.00 price objective on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. reissued a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research report on Thursday, June 30th. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.41.
In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the transaction, the insider now directly owns 66,441 shares in the company, valued at approximately $7,627,426.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the transaction, the insider now owns 68,398 shares in the company, valued at $7,954,003.42. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
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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