Beck Mack & Oliver LLC Continues to Hold Position in Honeywell International Inc. (HON)
Beck Mack & Oliver LLC continued to hold its stake in Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,350 shares of the conglomerate’s stock at the close of the 2nd quarter. Beck Mack & Oliver LLC’s holdings in Honeywell International were worth $980,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jolley Asset Management LLC boosted its position in Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in Honeywell International during the first quarter worth approximately $100,000. Hanson McClain Inc. boosted its position in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 3 shares during the last quarter. MCF Advisors LLC boosted its position in Honeywell International by 55.8% during the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 335 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in Honeywell International by 56.7% during the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Honeywell International Inc. (NYSE HON) opened at 138.95 on Friday. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21. The stock has a market cap of $105.68 billion, a P/E ratio of 21.55 and a beta of 0.94. The stock has a 50 day moving average of $137.53 and a 200-day moving average of $132.16.
Honeywell International (NYSE:HON) last posted 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. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 earnings per share. Analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s dividend payout ratio is 41.24%.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the sale, the insider now directly owns 294,155 shares in the company, valued at $40,616,922.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction on 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 owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 over the last 90 days. 1.56% of the stock is owned by corporate insiders.
A number of analysts recently issued reports on HON shares. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, August 17th. Oppenheimer Holdings, Inc. increased their price target on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $141.24.
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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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