Oppenheimer & Co. Inc. Sells 15,739 Shares of Honeywell International Inc. (NYSE:HON)
Oppenheimer & Co. Inc. cut its position in Honeywell International Inc. (NYSE:HON) by 10.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 130,899 shares of the conglomerate’s stock after selling 15,739 shares during the period. Oppenheimer & Co. Inc.’s holdings in Honeywell International were worth $16,346,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted 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 worth $1,198,584,000 after buying an additional 773,734 shares during the last quarter. Swiss National Bank raised its stake in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. CIBC World Markets Inc. raised its stake in Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock worth $70,126,000 after buying an additional 543,617 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock worth $113,628,000 after buying an additional 542,474 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Honeywell International during the first quarter worth approximately $61,656,000. 76.43% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (HON) traded down 0.91% on Thursday, hitting $137.74. The stock had a trading volume of 514,152 shares. The company’s 50 day moving average is $135.77 and its 200-day moving average is $129.22. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The firm has a market capitalization of $104.76 billion, a price-to-earnings ratio of 21.36 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Honeywell International’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.91%. Honeywell International’s dividend payout ratio is 41.24%.
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A number of equities research analysts recently commented on the company. Cowen and Company restated an “outperform” rating and set a $150.00 price target (up from $140.00) on shares of Honeywell International in a research report on Tuesday. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Credit Suisse Group restated a “neutral” rating and set a $139.00 price target (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. increased their price target on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $155.00 price target (up from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $139.17.
In related news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas A. Szlosek sold 803 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the sale, the chief financial officer now directly owns 5,702 shares in the company, valued at approximately $781,288.04. The disclosure for this sale can be found here. In the last three months, insiders sold 473,229 shares of company stock worth $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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