Honeywell International Inc. (HON) Position Increased by Private Trust Co. NA
Private Trust Co. NA increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,822 shares of the conglomerate’s stock after acquiring an additional 175 shares during the quarter. Honeywell International makes up about 0.8% of Private Trust Co. NA’s holdings, making the stock its 26th largest position. Private Trust Co. NA’s holdings in Honeywell International were worth $3,708,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of HON. Crestwood Advisors Group LLC bought a new stake in Honeywell International during the first quarter worth $100,000. Hanson McClain Inc. lifted its holdings 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 period. MCF Advisors LLC lifted its holdings 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 period. Proficio Capital Partners LLC lifted its holdings 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 period. Finally, SRS Capital Advisors Inc. lifted its holdings in Honeywell International by 12.6% during the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock worth $138,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.
In other news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was 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 owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 over the last 90 days. 1.56% of the stock is currently owned by company insiders.
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A number of brokerages recently commented on HON. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Cowen and Company reiterated an “outperform” rating and set a $150.00 price target (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Morgan Stanley lifted their price target on Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $139.00 target price (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $141.24.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the 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%. Honeywell International’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were paid a $0.665 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
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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