Dynamic Advisor Solutions LLC lowered its position in Honeywell International Inc. (NYSE:HON) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,163 shares of the conglomerate’s stock after selling 173 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Honeywell International were worth $3,984,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. BlackRock Inc. boosted its stake in Honeywell International by 2.0% in the 1st quarter. BlackRock Inc. now owns 43,674,802 shares of the conglomerate’s stock worth $9,480,489,000 after purchasing an additional 839,066 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Honeywell International by 28.2% during the 1st quarter. Alliancebernstein L.P. now owns 3,771,775 shares of the conglomerate’s stock worth $818,739,000 after buying an additional 829,207 shares during the last quarter. Capital International Investors boosted its stake in shares of Honeywell International by 11.7% during the 1st quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock worth $1,704,272,000 after buying an additional 824,893 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Honeywell International by 12,809.4% during the 1st quarter. Voloridge Investment Management LLC now owns 558,719 shares of the conglomerate’s stock worth $121,281,000 after buying an additional 554,391 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Honeywell International by 16.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,863,177 shares of the conglomerate’s stock worth $621,510,000 after buying an additional 412,313 shares during the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
Honeywell International stock traded up $1.02 during trading hours on Wednesday, hitting $221.21. The company had a trading volume of 52,705 shares, compared to its average volume of 2,750,400. The firm has a market cap of $152.72 billion, a PE ratio of 31.23, a PEG ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 1.15. Honeywell International Inc. has a one year low of $156.85 and a one year high of $236.86. The firm has a 50-day moving average of $228.73 and a 200 day moving average of $223.72.
The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were issued a $0.93 dividend. The ex-dividend date was Thursday, August 12th. This represents a $3.72 annualized dividend and a yield of 1.68%. Honeywell International’s dividend payout ratio is currently 52.39%.
A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, July 26th. Royal Bank of Canada increased their price objective on shares of Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research note on Monday, July 26th. Finally, Robert W. Baird upped their target price on shares of Honeywell International from $247.00 to $251.00 and gave the company an “outperform” rating in a report 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $231.62.
In other news, CEO Darius Adamczyk sold 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total transaction of $6,627,614.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,495 shares in the company, valued at $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.
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.
Further Reading: Green Investing
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