Dimension Capital Management Partners Buys New Position in Honeywell International Inc. (HON)
Dimension Capital Management Partners bought a new position in shares of Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,328 shares of the conglomerate’s stock, valued at approximately $1,377,000. Honeywell International comprises 0.5% of Dimension Capital Management Partners’ investment portfolio, making the stock its 19th biggest holding.
Other hedge funds have also bought and sold shares of the company. Burt Wealth Advisors lifted its stake in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the last quarter. Guidant Wealth Advisors lifted its stake in 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 lifted its stake in 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. Finally, CKW Financial Group purchased a new stake in Honeywell International during the second quarter worth approximately $108,000. Hedge funds and other institutional investors own 76.24% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $146.72 on Tuesday. Honeywell International Inc. has a twelve month low of $111.78 and a twelve month high of $147.51. The firm has a market capitalization of $111,035.66, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. analysts expect that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is currently 40.30%.
HON has been the subject of a number of research reports. Royal Bank Of Canada boosted their price objective on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Citigroup Inc. boosted their price objective on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Finally, Cowen and Company reiterated a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a research note on Tuesday, October 10th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $150.79.
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In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Insiders have sold 20,242 shares of company stock worth $2,889,943 in the last ninety days. 1.56% of the stock is currently owned by corporate insiders.
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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