Honeywell International Inc. (HON) Shares Sold by Oakbrook Investments LLC
Oakbrook Investments LLC lowered its position in Honeywell International Inc. (NYSE:HON) by 40.2% during the second quarter, Holdings Channel reports. The firm owned 33,335 shares of the conglomerate’s stock after selling 22,425 shares during the period. Oakbrook Investments LLC’s holdings in Honeywell International were worth $4,443,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Crestwood Advisors Group LLC acquired a new stake in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. increased its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. increased its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Jolley Asset Management LLC increased its position in Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Finally, MCF Advisors LLC increased its position in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Honeywell International Inc. (HON) traded down 0.332% during mid-day trading on Friday, hitting $136.785. 1,073,643 shares of the company were exchanged. The company has a market capitalization of $104.03 billion, a P/E ratio of 21.210 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The company’s 50-day moving average is $135.86 and its 200 day moving average is $129.28.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. Honeywell International’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. Analysts expect that Honeywell International Inc. will post $7.10 EPS for the current 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 paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is currently 41.24%.
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Several research analysts have issued reports on the company. Cowen and Company reaffirmed an “outperform” rating and set a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a report on Tuesday. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. upped their price objective on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently 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 sale, the director now directly owns 8,731 shares in the company, valued at approximately $1,149,960.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 4,344 shares of the company’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 transaction of $601,513.68. Following the sale, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold a total of 473,229 shares of company stock worth $64,546,642 over the last 90 days. 1.56% of the stock is currently owned by corporate 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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