Edmond DE Rothschild Holding S.A. Has $4.17 Million Stake in Honeywell International Inc. (NYSE:HON)
Edmond DE Rothschild Holding S.A. lowered its stake in Honeywell International Inc. (NYSE:HON) by 22.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,416 shares of the conglomerate’s stock after selling 9,811 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Honeywell International were worth $4,173,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares in the last quarter. Swiss National Bank increased its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after buying an additional 543,617 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock valued at $113,628,000 after buying an additional 542,474 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Honeywell International during the first quarter valued at about $61,656,000. Institutional investors and hedge funds own 76.43% of the company’s stock.
Honeywell International Inc. (NYSE HON) traded down 0.86% during midday trading on Thursday, reaching $137.80. 423,307 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $135.77 and a 200 day moving average price of $129.22. The company has a market cap of $104.81 billion, a price-to-earnings ratio of 21.37 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 net margin of 12.68% and a return on equity of 26.60%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 EPS. Analysts anticipate that Honeywell International Inc. will post $7.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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HON has been the subject of several analyst reports. Barclays PLC boosted their price objective on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. Morgan Stanley reiterated an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Wednesday, June 28th. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Citigroup Inc. upped their target price on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $139.17.
In related news, Director Bradley T. Sheares sold 3,430 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $131.71, for a total transaction of $451,765.30. Following the completion of the transaction, the director now directly owns 8,731 shares in the company, valued at approximately $1,149,960.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the transaction, the insider now owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 473,229 shares of company stock valued at $64,546,642. 1.56% of the stock is currently owned by 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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