Whittier Trust Co. of Nevada Inc. Has $6.14 Million Position in Honeywell International Inc. (HON)
Whittier Trust Co. of Nevada Inc. increased its position in shares of Honeywell International Inc. (NYSE:HON) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 46,024 shares of the conglomerate’s stock after buying an additional 1,331 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Honeywell International were worth $6,135,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Crestwood Advisors Group LLC bought a new position in Honeywell International during the first quarter worth $100,000. Peoples Financial Services CORP. raised its stake in 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 last quarter. Hanson McClain Inc. raised its stake in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Jolley Asset Management LLC raised its stake in Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the last quarter. Finally, MCF Advisors LLC raised its stake in 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 last quarter. 76.43% of the stock is owned by institutional investors.
Honeywell International Inc. (HON) traded down 1.12% during trading on Thursday, reaching $137.44. The company had a trading volume of 1,025,629 shares. The firm has a market capitalization of $104.53 billion, a P/E ratio of 21.31 and a beta of 0.94. The stock has a 50 day moving average price of $135.77 and a 200 day moving average price of $129.22. 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 earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post $7.10 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.91%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
HON has been the subject of a number of research analyst reports. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Credit Suisse Group reissued a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a report on Friday, April 21st. Royal Bank Of Canada lifted their target price on Honeywell International from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Cowen and Company reissued a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Finally, Barclays PLC lifted their target price on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $139.17.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas A. Szlosek sold 803 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the transaction, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The disclosure for this sale can be found here. Insiders sold a total of 473,229 shares of company stock valued at $64,546,642 in the last quarter. 1.56% of the stock is 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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