Agran Libbie Decreases Position in Honeywell International Inc. (HON)
Agran Libbie cut its stake in Honeywell International Inc. (NYSE:HON) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,378 shares of the company’s stock after selling 378 shares during the period. Agran Libbie’s holdings in Honeywell International were worth $2,836,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Albert D Mason Inc. raised its position in shares of Honeywell International by 16.5% in the first quarter. Albert D Mason Inc. now owns 12,380 shares of the company’s stock valued at $1,387,000 after buying an additional 1,750 shares in the last quarter. Arvest Bank Trust Division raised its position in shares of Honeywell International by 0.7% in the first quarter. Arvest Bank Trust Division now owns 3,402 shares of the company’s stock valued at $381,000 after buying an additional 25 shares in the last quarter. Sanders Morris Harris Inc. bought a new position in shares of Honeywell International during the first quarter valued at approximately $856,000. Sii Investments Inc. WI raised its position 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 valued at $393,000 after buying an additional 619 shares in the last quarter. Finally, Investment Centers of America Inc. raised its position 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 valued at $2,219,000 after buying an additional 1,891 shares in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.33% during mid-day trading on Wednesday, hitting $115.26. 2,122,923 shares of the stock traded hands. Honeywell International Inc. has a 1-year low of $93.71 and a 1-year high of $120.02. The stock has a 50-day moving average of $115.60 and a 200 day moving average of $115.15. The firm has a market cap of $87.70 billion, a price-to-earnings ratio of 18.23 and a beta of 1.05.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post $6.67 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders 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 dividend yield of 2.06%. Honeywell International’s payout ratio is currently 37.66%.
Several equities analysts have recently commented on the stock. Credit Suisse Group AG restated a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $113.00 target price on shares of Honeywell International in a research note on Thursday, August 25th. Morgan Stanley set a $130.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research note on Monday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research note on Thursday, June 30th. Finally, Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $122.41.
In related news, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the sale, the insider now owns 68,398 shares in the company, valued at $7,954,003.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 108,712 shares of Honeywell International stock in a transaction 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 completion of the sale, the senior vice president now owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. 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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