Honeywell International Inc. (HON) Position Maintained by Cohen Capital Management Inc.
Cohen Capital Management Inc. continued to hold its position in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,350 shares of the conglomerate’s stock at the close of the 2nd quarter. Cohen Capital Management Inc.’s holdings in Honeywell International were worth $447,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanson McClain Inc. grew its holdings in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of 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 purchasing an additional 335 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of 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 purchasing an additional 340 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of 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 purchasing an additional 124 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of 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 purchasing an additional 284 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/09/25/honeywell-international-inc-hon-position-maintained-by-cohen-capital-management-inc.html.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. 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. Company insiders own 1.56% of the company’s stock.
Honeywell International (NYSE:HON) last released its quarterly 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 company 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 quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share.
The company also recently declared 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 (DPR) is currently 41.24%.
Several research firms have recently weighed in on HON. Morgan Stanley upped their target price on shares of Honeywell International from $145.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $142.22.
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.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.