Honeywell International Inc. (HON) Shares Bought by Calamos Wealth Management LLC
Calamos Wealth Management LLC boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 51.7% during the second quarter, Holdings Channel reports. The fund owned 44,277 shares of the company’s stock after buying an additional 15,092 shares during the period. Calamos Wealth Management LLC’s holdings in Honeywell International were worth $5,150,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in HON. American National Bank raised its stake in shares of 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 shares of Honeywell International during the first quarter valued at approximately $122,000. Zions Bancorporation raised its stake in shares of 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. RPg Family Wealth Advisory LLC raised its stake in shares of 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. Finally, Private Wealth Advisors Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at approximately $201,000. Institutional investors own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.11% on Monday, hitting $116.05. 2,481,259 shares of the stock were exchanged. The company has a 50 day moving average of $115.68 and a 200 day moving average of $115.13. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02. The stock has a market capitalization of $88.30 billion, a P/E ratio of 18.36 and a beta of 1.05.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 earnings per share. On average, equities research analysts forecast that Honeywell International Inc. will post $6.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s payout ratio is presently 37.66%.
Several equities research analysts have commented on the stock. Credit Suisse Group AG restated a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Barclays PLC raised their price objective on shares of Honeywell International from $127.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, July 25th. Stifel Nicolaus lowered their price objective 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. reiterated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $128.00 price objective 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 given a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average target price of $122.41.
In related news, VP Jennifer H. Mak sold 277 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $115.54, for a total transaction of $32,004.58. Following the transaction, the vice president now directly owns 420 shares of the company’s stock, valued at $48,526.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David M. Cote sold 534,505 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $116.15, for a total transaction of $62,082,755.75. Following the transaction, the chief executive officer now directly owns 700,000 shares in the company, valued at $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
Honeywell International Company Profile
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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