Arvest Bank Trust Division Has $16.99 Million Stake in Honeywell International Inc. (HON)
Arvest Bank Trust Division grew its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,467 shares of the conglomerate’s stock after purchasing an additional 1,566 shares during the period. Honeywell International makes up about 1.3% of Arvest Bank Trust Division’s portfolio, making the stock its 24th biggest holding. Arvest Bank Trust Division’s holdings in Honeywell International were worth $16,990,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Hanson McClain Inc. lifted its holdings in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares during the last quarter. MCF Advisors LLC raised its stake in Honeywell International by 55.8% in the 1st 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. Proficio Capital Partners LLC raised its stake in Honeywell International by 56.7% in the 1st 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. SRS Capital Advisors Inc. raised its stake in Honeywell International by 12.6% in the 1st 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 last quarter. Finally, Assetmark Inc. raised its stake in Honeywell International by 30.2% in the 1st quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock worth $153,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.
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HON has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc initiated coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $142.22.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (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 analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share.
The company 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. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.88%. Honeywell International’s dividend payout ratio is currently 41.24%.
In related news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. 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 the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $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 over the last three months. 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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