Honeywell International Inc. (HON) Shares Sold by US Bancorp DE
US Bancorp DE cut its position in shares of Honeywell International Inc. (NYSE:HON) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 750,440 shares of the conglomerate’s stock after selling 1,120 shares during the period. US Bancorp DE’s holdings in Honeywell International were worth $100,026,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Triangle Securities Wealth Management increased its position in shares of Honeywell International by 5.2% in the first quarter. Triangle Securities Wealth Management now owns 5,316 shares of the conglomerate’s stock worth $664,000 after buying an additional 265 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Honeywell International by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 663,707 shares of the conglomerate’s stock worth $82,874,000 after buying an additional 19,326 shares in the last quarter. First American Trust FSB increased its position in shares of Honeywell International by 16.9% in the first quarter. First American Trust FSB now owns 39,368 shares of the conglomerate’s stock worth $4,916,000 after buying an additional 5,687 shares in the last quarter. Swarthmore Group Inc. increased its position in shares of Honeywell International by 39.7% in the first quarter. Swarthmore Group Inc. now owns 4,400 shares of the conglomerate’s stock worth $549,000 after buying an additional 1,250 shares in the last quarter. Finally, Peachtree Investment Advisors Inc. increased its position in shares of Honeywell International by 28.6% in the first quarter. Peachtree Investment Advisors Inc. now owns 2,695 shares of the conglomerate’s stock worth $337,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded down 1.13% during mid-day trading on Thursday, hitting $137.43. 1,025,149 shares of the company were exchanged. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The stock’s 50-day moving average price is $135.77 and its 200 day moving average price is $129.22. The stock has a market cap of $104.52 billion, a PE ratio of 21.31 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.70 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The company 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 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is 41.24%.
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Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Credit Suisse Group restated a “hold” rating and set a $122.00 target price on shares of Honeywell International in a report on Friday, April 21st. Royal Bank Of Canada raised their target price on shares of Honeywell International from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Cowen and Company restated a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Finally, Barclays PLC raised their target price on shares of Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.17.
In related news, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bradley T. Sheares sold 3,430 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $131.71, for a total value of $451,765.30. Following the completion of the transaction, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 473,229 shares of company stock worth $64,546,642. 1.56% of the stock is 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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