Heritage Trust Co Buys Shares of 15,321 Honeywell International Inc. (NYSE:HON)
Heritage Trust Co bought a new position in shares of Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,321 shares of the conglomerate’s stock, valued at approximately $1,913,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. boosted its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the period. MCF Advisors LLC boosted its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the period. Sfmg LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $200,000. Finally, Rainier Group Investment Advisory LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $202,000. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at 140.04 on Friday. The company’s 50-day moving average price is $135.02 and its 200 day moving average price is $128.45. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.07. The stock has a market cap of $106.51 billion, a PE ratio of 21.71 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. Equities analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
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A number of brokerages recently commented on HON. Credit Suisse Group restated a “neutral” rating and set a $139.00 target price (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. BidaskClub cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. raised their target price on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Royal Bank Of Canada raised their target price on Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $155.00 target price (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $138.58.
In related news, CFO Thomas A. Szlosek sold 36,080 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $131.16, for a total value of $4,732,252.80. Following the completion of the transaction, the chief financial officer now owns 2,160 shares of the company’s stock, valued at $283,305.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. Insiders sold 504,965 shares of company stock valued at $68,677,381 in the last three months. 1.56% of the stock is currently owned by company insiders.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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