Schwab Charles Investment Management Inc. Buys 106,870 Shares of Honeywell International Inc. (NYSE:HON)
Schwab Charles Investment Management Inc. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,343,756 shares of the conglomerate’s stock after buying an additional 106,870 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Honeywell International were worth $292,665,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in HON. Crestwood Advisors Group LLC bought a new stake in shares of Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. increased its stake in shares of 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 stake in shares of 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. MCF Advisors LLC increased its stake in shares of 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. Finally, SRS Capital Advisors Inc. increased its stake in shares of Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded down 0.02% during trading on Friday, hitting $137.21. 472,793 shares of the stock traded hands. The company has a market cap of $104.36 billion, a PE ratio of 21.28 and a beta of 0.94. The firm has a 50 day moving average price of $135.86 and a 200-day moving average price of $129.28. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping 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 business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The firm 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 dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
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Several analysts recently issued reports on HON shares. HSBC Holdings plc started coverage on Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Honeywell International in a report on Friday, May 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a report on Wednesday, May 17th. Cowen and Company reiterated a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Finally, Stifel Nicolaus increased their price target on Honeywell International from $136.00 to $143.00 and gave the company 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 assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $139.17.
In related news, Director Bradley T. Sheares sold 3,430 shares of the stock in a transaction 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 completion of the transaction, the director now owns 8,731 shares in the company, valued at $1,149,960.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 116,021 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the transaction, the senior vice president now owns 286,199 shares of the company’s stock, valued at approximately $37,692,408.30. The disclosure for this sale can be found here. Insiders have sold 473,229 shares of company stock valued at $64,546,642 in the last 90 days. 1.56% of the stock is currently owned by corporate insiders.
Honeywell International Company Profile
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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