Public Employees Retirement Association of Colorado Has $183.85 Million Stake in Honeywell International Inc. (HON)
Public Employees Retirement Association of Colorado cut its stake in Honeywell International Inc. (NYSE:HON) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,379,332 shares of the conglomerate’s stock after selling 1,312 shares during the quarter. Honeywell International comprises about 1.4% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 7th largest position. Public Employees Retirement Association of Colorado owned 0.18% of Honeywell International worth $183,851,000 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. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International in the first quarter valued at $100,000. Hanson McClain Inc. grew its position 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 purchasing an additional 3 shares in the last quarter. Jolley Asset Management LLC grew its position in shares of 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 purchasing an additional 50 shares in the last quarter. MCF Advisors LLC grew its position 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 purchasing an additional 335 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in shares of Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.
In other news, CFO Thomas A. Szlosek sold 803 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was 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 owns 5,702 shares in the company, valued at $781,288.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,108 shares of company stock valued at $48,886,463. Company insiders own 1.56% of the company’s stock.
Several equities analysts have recently weighed in on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Thursday, July 20th. Morgan Stanley reissued an “overweight” rating and set a $141.00 price objective (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc started coverage on Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $141.24.
Shares of Honeywell International Inc. (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 firm’s 50-day moving average price is $137.53 and its 200 day moving average price is $132.16. The company has a market cap of $105.68 billion, a price-to-earnings ratio of 21.55 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. On average, equities research analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a dividend of $0.665 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.91%. Honeywell International’s payout ratio is 41.24%.
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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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