Honeywell International Inc. (HON) Position Boosted by Goelzer Investment Management Inc.
Goelzer Investment Management Inc. raised its position in Honeywell International Inc. (NYSE:HON) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,258 shares of the company’s stock after buying an additional 2,625 shares during the period. Goelzer Investment Management Inc.’s holdings in Honeywell International were worth $6,209,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of HON. Alps Advisors Inc. acquired a new position in shares of Honeywell International during the third quarter valued at $213,000. Carderock Capital Management Inc. boosted its position in shares of Honeywell International by 125.5% in the third quarter. Carderock Capital Management Inc. now owns 33,062 shares of the company’s stock valued at $3,855,000 after buying an additional 18,398 shares in the last quarter. Capital Advantage Inc. boosted its position in shares of Honeywell International by 3.5% in the third quarter. Capital Advantage Inc. now owns 4,463 shares of the company’s stock valued at $520,000 after buying an additional 152 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Honeywell International by 3.7% in the third quarter. State Treasurer State of Michigan now owns 1,073,049 shares of the company’s stock valued at $124,394,000 after buying an additional 38,000 shares in the last quarter. Finally, River Wealth Advisors LLC boosted its position in shares of Honeywell International by 0.7% in the third quarter. River Wealth Advisors LLC now owns 7,594 shares of the company’s stock valued at $885,000 after buying an additional 54 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (NYSE:HON) traded up 0.88% during midday trading on Wednesday, hitting $114.34. The stock had a trading volume of 4,340,449 shares. The company has a 50-day moving average price of $110.28 and a 200-day moving average price of $114.31. The stock has a market cap of $87.14 billion, a P/E ratio of 17.89 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 21st. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.03. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The company had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter last year, the company posted $1.60 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post $6.60 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.66 annualized dividend and a yield of 2.35%. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s dividend payout ratio is 42.09%.
Several brokerages have recently weighed in on HON. Argus reaffirmed a “buy” rating on shares of Honeywell International in a research note on Wednesday, October 12th. Zacks Investment Research raised shares of Honeywell International from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Barclays PLC set a $128.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Wednesday, October 12th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $113.35 price target on shares of Honeywell International in a research note on Friday, October 7th. Finally, Goldman Sachs Group Inc. downgraded Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 price objective for the company. in a report on Monday, October 10th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $125.48.
In related news, Director Bradley T. Sheares sold 3,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $109.99, for a total transaction of $329,970.00. Following the completion of the sale, the director now owns 7,288 shares in the company, valued at $801,607.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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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