Stock Yards Bank & Trust Co. Purchases 233 Shares of Honeywell International Inc. (HON)
Stock Yards Bank & Trust Co. raised its position in Honeywell International Inc. (NYSE:HON) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,075 shares of the conglomerate’s stock after purchasing an additional 233 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Honeywell International were worth $2,009,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mason Street Advisors LLC grew its stake in Honeywell International by 0.9% in the first quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock valued at $13,135,000 after purchasing an additional 936 shares in the last quarter. FTB Advisors Inc. grew its stake in Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock valued at $272,000 after purchasing an additional 423 shares in the last quarter. Buckingham Capital Management Inc. grew its stake in Honeywell International by 3.1% in the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares in the last quarter. Swiss National Bank grew its stake in 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 purchasing an additional 552,100 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock valued at $172,401,000 after purchasing an additional 74,611 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Honeywell International Inc. (NYSE HON) traded up 1.27% during trading on Friday, hitting $138.95. The company had a trading volume of 4,594,069 shares. The stock has a 50-day moving average of $137.53 and a 200-day moving average of $132.16. The stock has a market capitalization of $105.68 billion, a PE ratio of 21.55 and a beta of 0.94. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the company posted $1.70 earnings per share. Honeywell International’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s payout ratio is currently 41.24%.
In related news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last quarter. 1.56% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on the company. Cowen and Company restated an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, Morgan Stanley boosted their target price on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $141.24.
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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