Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 31.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,665 shares of the conglomerate’s stock after buying an additional 640 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Honeywell International were worth $585,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Honeywell International by 2.0% during 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. Capital International Investors boosted its position in Honeywell International by 11.7% during the 1st quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock valued at $1,704,272,000 after acquiring an additional 824,893 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Honeywell International by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 7,116,847 shares of the conglomerate’s stock valued at $1,545,155,000 after acquiring an additional 251,419 shares in the last quarter. Royal Bank of Canada boosted its position in Honeywell International by 3.7% during the 1st quarter. Royal Bank of Canada now owns 5,035,677 shares of the conglomerate’s stock valued at $1,093,094,000 after acquiring an additional 178,920 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Honeywell International by 1.6% in the 1st quarter. Janus Henderson Group PLC now owns 4,795,322 shares of the conglomerate’s stock worth $1,040,934,000 after purchasing an additional 74,839 shares in the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.
HON stock opened at $220.19 on Wednesday. The stock has a market capitalization of $152.02 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.57 and a beta of 1.16. The firm has a 50-day simple moving average of $228.73 and a 200-day simple moving average of $223.72. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Honeywell International Inc. has a 52 week low of $156.85 and a 52 week high of $236.86.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, August 12th. This represents a $3.72 dividend on an annualized basis and a yield of 1.69%. Honeywell International’s payout ratio is presently 52.39%.
In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of the stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total value of $6,627,614.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Que Dallara sold 10,759 shares of the stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total transaction of $2,488,341.52. Following the sale, the chief executive officer now owns 3,495 shares of the company’s stock, valued at approximately $808,323.60. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
A number of brokerages have recently commented on HON. Robert W. Baird boosted their price target on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. Barclays boosted their target price on shares of Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, July 26th. Finally, Royal Bank of Canada upped their price objective on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research note on Monday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $231.62.
Honeywell International 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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