Honeywell International Inc. (HON) is MU Investments Co. Ltd.’s 2nd Largest Position
MU Investments Co. Ltd. continued to hold its stake in Honeywell International Inc. (NYSE:HON) during the second quarter, Holdings Channel reports. The fund owned 43,300 shares of the company’s stock at the end of the second quarter. Honeywell International accounts for 3.4% of MU Investments Co. Ltd.’s holdings, making the stock its 2nd largest position. MU Investments Co. Ltd.’s holdings in Honeywell International were worth $4,956,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Sanders Morris Harris Inc. purchased a new stake in shares of Honeywell International during the first quarter worth approximately $856,000. Sii Investments Inc. WI increased its stake in shares of Honeywell International by 21.2% in the first quarter. Sii Investments Inc. WI now owns 3,536 shares of the company’s stock worth $393,000 after buying an additional 619 shares in the last quarter. Investment Centers of America Inc. increased its stake in shares of Honeywell International by 10.5% in the first quarter. Investment Centers of America Inc. now owns 19,817 shares of the company’s stock worth $2,219,000 after buying an additional 1,891 shares in the last quarter. Meristem LLP increased its stake in shares of Honeywell International by 3.0% in the first quarter. Meristem LLP now owns 4,867 shares of the company’s stock worth $545,000 after buying an additional 140 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of Honeywell International by 31.6% in the first quarter. Glenmede Trust Co. NA now owns 1,137,297 shares of the company’s stock worth $127,432,000 after buying an additional 273,000 shares in the last quarter. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 1.01% on Tuesday, reaching $114.88. The company’s stock had a trading volume of 2,522,176 shares. The stock’s 50 day moving average price is $115.62 and its 200 day moving average price is $115.15. The company has a market cap of $87.41 billion, a P/E ratio of 18.17 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $93.71 and a 12 month high of $120.02.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. During the same period last year, the business posted $1.51 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a yield of 2.07%. Honeywell International’s payout ratio is currently 37.66%.
A number of brokerages have commented on HON. Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating and set a $113.00 target price on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. restated a “buy” rating and set a $132.00 target price 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.41.
In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the sale, the vice president now directly owns 420 shares in the company, valued at approximately $48,526.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
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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