Honeywell International Inc. (HON) Stake Raised by Keel Point LLC
Keel Point LLC increased its stake in Honeywell International Inc. (NYSE:HON) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,487 shares of the conglomerate’s stock after buying an additional 10 shares during the period. Keel Point LLC’s holdings in Honeywell International were worth $435,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised 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 raised 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. raised 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. raised 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 bought a new position in shares of Honeywell International during the first quarter valued at $61,656,000. 76.43% of the stock is owned by institutional investors.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.21% during mid-day trading on Friday, reaching $137.53. 601,550 shares of the company traded hands. The stock has a market capitalization of $104.60 billion, a PE ratio of 21.33 and a beta of 0.94. The stock’s 50 day moving average is $135.86 and its 200 day moving average is $129.28. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
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Several research analysts have weighed in on HON shares. Barclays PLC raised their price objective on shares of Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Morgan Stanley reissued an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, Citigroup Inc. raised their price objective on shares of Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a 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. The stock currently has an average rating of “Buy” and an average target price of $139.17.
In other news, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 473,229 shares of company stock worth $64,546,642. 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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