Fayez Sarofim & Co. Has $1.62 Million Holdings in Honeywell International Inc. (HON)
Fayez Sarofim & Co. trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,140 shares of the conglomerate’s stock after selling 25 shares during the quarter. Fayez Sarofim & Co.’s holdings in Honeywell International were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hanson McClain Inc. boosted 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 buying an additional 3 shares during the last quarter. Addison Capital Co boosted its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after buying an additional 7 shares during the last quarter. Keel Point LLC boosted its holdings in shares of Honeywell International by 0.3% in the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after buying an additional 10 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after buying an additional 14 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after buying an additional 16 shares during the last quarter. 76.03% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded up $0.48 during trading hours on Thursday, hitting $153.24. The stock had a trading volume of 3,346,100 shares, compared to its average volume of 2,696,163. The stock has a market capitalization of $116,376.04, a price-to-earnings ratio of 21.98, a PEG ratio of 2.34 and a beta of 0.97. Honeywell International Inc. has a 52-week low of $112.17 and a 52-week high of $153.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.75. The firm had revenue of $10.12 billion during 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%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 earnings per share. equities research analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently announced 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 dividend yield of 1.94%. 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 is currently 45.15%.
HON has been the topic of a number of research analyst reports. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Cowen reissued an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley boosted their price target on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Finally, Jefferies Group restated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $151.92.
In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.
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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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