Honeywell International Inc. (HON) Stake Cut by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 1,267,713 shares of the company’s stock after selling 11,543 shares during the period. Honeywell International makes up 1.2% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 7th largest position. Public Employees Retirement Association of Colorado’s holdings in Honeywell International were worth $147,460,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Cornerstone Financial Partners LLC bought a new stake in Honeywell International during the first quarter valued at $1,254,000. Ironwood Financial llc bought a new stake in Honeywell International during the first quarter valued at $122,000. Dubuque Bank & Trust Co. boosted its stake in Honeywell International by 49.7% in the first quarter. Dubuque Bank & Trust Co. now owns 16,773 shares of the company’s stock valued at $1,879,000 after buying an additional 5,566 shares during the period. WASHINGTON TRUST Co boosted its stake in Honeywell International by 10.8% in the first quarter. WASHINGTON TRUST Co now owns 4,033 shares of the company’s stock valued at $452,000 after buying an additional 394 shares during the period. Finally, Icon Advisers Inc. Co. boosted its stake in Honeywell International by 25.9% in the first quarter. Icon Advisers Inc. Co. now owns 91,540 shares of the company’s stock valued at $10,257,000 after buying an additional 18,840 shares during the period. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 1.64% on Wednesday, reaching $107.52. 4,122,825 shares of the company’s stock traded hands. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02. The company has a market cap of $81.81 billion, a PE ratio of 17.01 and a beta of 1.05. The stock has a 50-day moving average price of $114.76 and a 200-day moving average price of $115.05.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 quarter in the previous year, the business posted $1.51 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post $6.68 EPS for the current fiscal year.
Several equities analysts recently commented on the stock. Credit Suisse Group AG reaffirmed 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 report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Monday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating and set a $132.00 target price on shares of Honeywell International in a report on Thursday, June 30th. Finally, Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.83.
In other news, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $116.13, for a total value of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares in the company, valued at $26,074,668.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Darius Adamczyk sold 13,985 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $116.18, for a total transaction of $1,624,777.30. Following the completion of the transaction, the chief operating officer now owns 14,266 shares in the company, valued at $1,657,423.88. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by 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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