Insight Capital Research & Management Inc. Has $2,063,000 Stake in Honeywell International Inc. (HON)
Insight Capital Research & Management Inc. lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 11.8% during the second quarter, Holdings Channel reports. The institutional investor owned 17,734 shares of the company’s stock after selling 2,375 shares during the period. Insight Capital Research & Management Inc.’s holdings in Honeywell International were worth $2,063,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in HON. American National Bank boosted 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 worth $111,000 after buying an additional 505 shares during the period. Ironwood Financial llc acquired a new stake in shares of Honeywell International during the first quarter worth $122,000. Zions Bancorporation boosted 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 worth $152,000 after buying an additional 170 shares during the period. RPg Family Wealth Advisory LLC boosted 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 worth $156,000 after buying an additional 1,275 shares during the period. Finally, Bath Savings Trust Co acquired a new stake in shares of Honeywell International during the second quarter worth $201,000. 76.50% of the stock is owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 7.50% on Friday, hitting $106.94. 20,446,322 shares of the stock traded hands. The stock has a market cap of $81.37 billion, a P/E ratio of 16.92 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. The stock has a 50-day moving average price of $115.35 and a 200 day moving average price of $115.10.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the 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 business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. On average, equities analysts expect that Honeywell International Inc. will post $6.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.
A number of analysts recently weighed in on HON shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Honeywell International in a research report on Monday, June 27th. Bank of America Corp. set a $132.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, July 25th. Morgan Stanley reissued a “buy” rating and issued a $127.00 price objective on shares of Honeywell International in a research report on Tuesday, September 6th. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $113.35 price objective on shares of Honeywell International in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average price target of $122.64.
In other news, SVP Katherine L. Adams sold 108,712 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the transaction, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer H. Mak sold 277 shares of the firm’s 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 transaction, the vice president now directly owns 420 shares of the company’s stock, valued at $48,526.80. The disclosure for this sale can be found here. 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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