1,322 Shares in Honeywell International Inc. (HON) Purchased by Lbmc Investment Advisors LLC
Lbmc Investment Advisors LLC purchased a new position in Honeywell International Inc. (NYSE:HON) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,322 shares of the conglomerate’s stock, valued at approximately $220,000.
Several other large investors also recently modified their holdings of the company. Sit Investment Associates Inc. lifted its holdings in shares of Honeywell International by 11.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 220,170 shares of the conglomerate’s stock valued at $31,715,000 after buying an additional 22,675 shares during the period. Clarkston Capital Partners LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $210,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Honeywell International by 1.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 41,190 shares of the conglomerate’s stock valued at $5,933,000 after buying an additional 500 shares during the period. Exane Derivatives lifted its holdings in shares of Honeywell International by 27.0% in the 2nd quarter. Exane Derivatives now owns 18,912 shares of the conglomerate’s stock valued at $2,723,000 after buying an additional 4,021 shares during the period. Finally, Brookmont Capital Management lifted its holdings in shares of Honeywell International by 3.0% in the 2nd quarter. Brookmont Capital Management now owns 21,596 shares of the conglomerate’s stock valued at $3,111,000 after buying an additional 624 shares during the period. 70.87% of the stock is owned by institutional investors.
In other Honeywell International news, Director D Scott Davis sold 3,963 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total transaction of $590,922.93. Following the completion of the sale, the director now directly owns 25,764 shares in the company, valued at approximately $3,841,670.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.33% of the stock is currently owned by insiders.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the business earned $1.75 EPS. Honeywell International’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 7.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, November 15th. Honeywell International’s payout ratio is 46.13%.
Several brokerages have recently issued reports on HON. Morgan Stanley began coverage on Honeywell International in a report on Monday, August 20th. They issued an “overweight” rating and a $175.00 price objective for the company. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Credit Suisse Group reduced their price target on Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, October 23rd. Barclays upped their price target on Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Finally, $1 reaffirmed an “outperform” rating and issued a $177.00 price target (down previously from $184.00) on shares of Honeywell International in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $172.90.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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