Rodgers Brothers Inc. lifted its stake in Honeywell International Inc. (NYSE:HON) by 3.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,455 shares of the conglomerate’s stock after purchasing an additional 250 shares during the quarter. Rodgers Brothers Inc.’s holdings in Honeywell International were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in HON. BlackRock Inc. boosted its position in shares of Honeywell International by 2.0% in the 1st quarter. BlackRock Inc. now owns 43,674,802 shares of the conglomerate’s stock valued at $9,480,489,000 after purchasing an additional 839,066 shares during the period. Alliancebernstein L.P. boosted its position in shares of Honeywell International by 28.2% in the 1st quarter. Alliancebernstein L.P. now owns 3,771,775 shares of the conglomerate’s stock valued at $818,739,000 after purchasing an additional 829,207 shares during the period. Capital International Investors boosted its position in shares of Honeywell International by 11.7% in the 1st quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock valued at $1,704,272,000 after purchasing an additional 824,893 shares during the period. Voloridge Investment Management LLC lifted its stake in Honeywell International by 12,809.4% in the 1st quarter. Voloridge Investment Management LLC now owns 558,719 shares of the conglomerate’s stock worth $121,281,000 after acquiring an additional 554,391 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Honeywell International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock worth $2,167,460,000 after acquiring an additional 477,569 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
Several equities research analysts recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $246.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, July 14th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $233.00 price objective for the company in a research note on Tuesday, April 27th. Credit Suisse Group increased their price objective on Honeywell International from $224.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, April 26th. Barclays increased their price objective on Honeywell International from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. Finally, Morgan Stanley raised their price target on Honeywell International from $230.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average price target of $221.07.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.12. The business had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.07 billion. Honeywell International had a return on equity of 26.51% and a net margin of 14.18%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 8.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 4th. Shareholders of record on Friday, May 14th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, May 13th. Honeywell International’s dividend payout ratio (DPR) is currently 52.39%.
In other Honeywell International news, VP Anne T. Madden sold 8,885 shares of the firm’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $223.22, for a total value of $1,983,309.70. Following the sale, the vice president now owns 50,658 shares of the company’s stock, valued at approximately $11,307,878.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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