Douglas Lane & Associates LLC lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 306,645 shares of the conglomerate’s stock after buying an additional 1,604 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Honeywell International were worth $53,537,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cordasco Financial Network bought a new stake in shares of Honeywell International in the first quarter worth $25,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Honeywell International in the first quarter worth $25,000. Capital Financial Planning LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $26,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Honeywell International in the first quarter worth $29,000. Finally, Riverview Trust Co bought a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Institutional investors and hedge funds own 77.29% of the company’s stock.
NYSE:HON opened at $162.27 on Friday. The company has a market capitalization of $120.86 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The stock’s 50 day moving average price is $172.19 and its 200 day moving average price is $164.87. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $178.47.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Honeywell International’s revenue for the quarter was down 15.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio is 40.95%.
In related news, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.
Several research firms have weighed in on HON. Citigroup set a $197.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group upped their price target on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research report on Monday, July 22nd. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Honeywell International has an average rating of “Buy” and an average price target of $184.08.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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