Honeywell International Inc. (HON) Holdings Maintained by Webster Bank N. A.
Webster Bank N. A. held its position in Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,436 shares of the conglomerate’s stock at the end of the second quarter. Webster Bank N. A.’s holdings in Honeywell International were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its stake in shares of Honeywell International by 331.4% in the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock worth $1,693,000 after acquiring an additional 10,413 shares during the period. Buckingham Capital Management Inc. boosted its stake in shares of Honeywell International by 3.1% in the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock worth $3,179,000 after acquiring an additional 766 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Honeywell International by 0.9% in the first quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock worth $13,135,000 after acquiring an additional 936 shares during the period. FTB Advisors Inc. boosted its stake in shares of Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after acquiring an additional 423 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after acquiring an additional 552,100 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.
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Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’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 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
A number of equities analysts have recently weighed in on the company. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Honeywell International in a research note on Monday, July 17th. Oppenheimer Holdings, Inc. upped their price objective on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. HSBC Holdings plc assumed coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price objective for the company. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Sunday, August 27th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $142.22.
In other news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas A. Szlosek sold 803 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $137.02, for a total value of $110,027.06. Following the transaction, the chief financial officer now owns 5,702 shares in the company, valued at $781,288.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 354,108 shares of company stock worth $48,886,463. Insiders own 1.56% of the company’s stock.
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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