Zacks Investment Management raised its stake in Honeywell International Inc. (NYSE:HON) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,041 shares of the conglomerate’s stock after buying an additional 472 shares during the quarter. Zacks Investment Management’s holdings in Honeywell International were worth $14,673,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. B. Riley Wealth Management Inc. increased its stake in shares of Honeywell International by 4.9% during the first quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock worth $4,182,000 after buying an additional 1,220 shares during the period. Concentric Wealth Management LLC increased its stake in shares of Honeywell International by 9.6% during the second quarter. Concentric Wealth Management LLC now owns 1,425 shares of the conglomerate’s stock worth $249,000 after buying an additional 125 shares during the period. Ibex Wealth Advisors purchased a new stake in shares of Honeywell International during the second quarter worth approximately $142,000. Rockland Trust Co. increased its stake in shares of Honeywell International by 10.5% during the second quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after buying an additional 222 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Honeywell International by 513.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock worth $4,704,000 after buying an additional 22,556 shares during the period. 75.77% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Honeywell International from $190.00 to $195.00 and gave the stock 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 company a “buy” rating in a research note on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Credit Suisse Group increased their price target on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Morgan Stanley increased their price target on shares of Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $183.58.
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 Thomson Reuters’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, August 15th. Honeywell International’s payout ratio is currently 40.95%.
In related news, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the sale, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The disclosure for this sale can be found here. Insiders sold 25,133 shares of company stock valued at $4,141,655 over the last three months. Corporate insiders own 0.73% of the company’s stock.
About Honeywell International
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.
Read More: Derivative
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.