Walter & Keenan Financial Consulting Co. MI ADV Has $1,373,000 Stake in Honeywell International Inc. (HON)
Walter & Keenan Financial Consulting Co. MI ADV maintained its position in Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,300 shares of the conglomerate’s stock at the close of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Honeywell International were worth $1,373,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hanson McClain Inc. raised its holdings in shares of 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 purchasing an additional 3 shares during the last quarter. Guidant Wealth Advisors raised its holdings in shares of Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the last quarter. Jolley Asset Management LLC raised its holdings in shares of Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. CKW Financial Group purchased a new position in shares of Honeywell International during the second quarter worth $108,000. Finally, MCF Advisors LLC raised its holdings in shares of 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 purchasing an additional 335 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) opened at 143.37 on Friday. The stock has a 50 day moving average of $139.95 and a 200 day moving average of $134.43. Honeywell International Inc. has a 12 month low of $107.41 and a 12 month high of $145.30. The firm has a market cap of $109.04 billion, a price-to-earnings ratio of 22.23 and a beta of 0.95.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 EPS. On average, equities research analysts expect that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
In other 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 value of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares in the company, valued at approximately $186,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the transaction, the insider now owns 294,155 shares of the company’s stock, valued at approximately $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 in the last quarter. Insiders own 1.56% of the company’s stock.
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Several research analysts recently issued reports on the stock. HSBC Holdings plc assumed coverage on shares of Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Cowen and Company reissued a “buy” rating and set a $150.00 target price on shares of Honeywell International in a report on Tuesday, October 10th. Citigroup Inc. raised their target price on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank of Canada set a $148.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and an average target price of $149.52.
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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