SRS Capital Advisors Inc. increased its position in Honeywell International Inc. (NYSE:HON) by 69.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,024 shares of the conglomerate’s stock after purchasing an additional 827 shares during the period. SRS Capital Advisors Inc.’s holdings in Honeywell International were worth $291,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Weatherly Asset Management L. P. raised its holdings in shares of Honeywell International by 3.9% during the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after buying an additional 323 shares during the last quarter. Parthenon LLC raised its holdings in shares of Honeywell International by 16.0% during the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock valued at $345,000 after buying an additional 330 shares during the last quarter. Bank of The Ozarks raised its holdings in shares of Honeywell International by 3.1% during the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock valued at $1,603,000 after buying an additional 334 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Honeywell International by 40.6% during the second quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock valued at $172,000 after buying an additional 345 shares during the last quarter. Finally, InterOcean Capital LLC raised its holdings in shares of Honeywell International by 15.4% during the second quarter. InterOcean Capital LLC now owns 2,637 shares of the conglomerate’s stock valued at $380,000 after buying an additional 352 shares during the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.
Shares of NYSE HON traded up $2.58 during trading on Friday, hitting $156.20. The company had a trading volume of 4,403,610 shares, compared to its average volume of 2,862,549. The stock has a market capitalization of $123.57 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.93 and a beta of 0.99. Honeywell International Inc. has a 52 week low of $139.51 and a 52 week high of $167.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The company had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.10%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is currently 41.91%.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $158.12, for a total transaction of $484,795.92. Following the transaction, the director now owns 11,787 shares in the company, valued at $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Honeywell International in a report on Friday. They set a “neutral” rating and a $170.00 price target on the stock. Gordon Haskett assumed coverage on Honeywell International in a report on Friday. They set a “buy” rating on the stock. Citigroup set a $194.00 price target on Honeywell International and gave the company a “buy” rating in a report on Tuesday. HSBC cut Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a report on Tuesday, October 2nd. Finally, Deutsche Bank lifted their price target on Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a report on Friday, September 28th. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $174.79.
Honeywell International Company Profile
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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