Choate Investment Advisors Has $985,000 Holdings in Honeywell International Inc. (HON)
Choate Investment Advisors cut its stake in Honeywell International Inc. (NYSE:HON) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,389 shares of the conglomerate’s stock after selling 855 shares during the period. Choate Investment Advisors’ holdings in Honeywell International were worth $985,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Marble Harbor Investment Counsel LLC bought a new position in shares of Honeywell International in the 1st quarter valued at $213,000. Virginia Retirement Systems ET AL increased its stake in shares of Honeywell International by 12.5% in the 1st quarter. Virginia Retirement Systems ET AL now owns 51,400 shares of the conglomerate’s stock valued at $6,418,000 after purchasing an additional 5,700 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new position in shares of Honeywell International in the 1st quarter valued at $257,000. State of Tennessee Treasury Department increased its stake in shares of Honeywell International by 16.7% in the 1st quarter. State of Tennessee Treasury Department now owns 741,436 shares of the conglomerate’s stock valued at $92,583,000 after purchasing an additional 106,241 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Honeywell International by 3,023.8% in the 1st quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after purchasing an additional 543,617 shares during the last quarter. 76.03% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Thursday, September 21st. Deutsche Bank reiterated a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank Of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Citigroup lifted their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Finally, Vertical Research reiterated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average price target of $151.92.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded up $2.33 during mid-day trading on Wednesday, reaching $152.76. The company had a trading volume of 3,656,200 shares, compared to its average volume of 2,693,323. The company has a market cap of $114,014.40, a price-to-earnings ratio of 21.53, a P/E/G ratio of 2.30 and a beta of 0.97. Honeywell International Inc. has a twelve month low of $112.17 and a twelve month high of $153.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. sell-side analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 45.15%.
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Honeywell International 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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