Legal & General Group Plc raised its position in shares of Honeywell International Inc. (NYSE:HON) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,231,210 shares of the conglomerate’s stock after buying an additional 118,212 shares during the period. Legal & General Group Plc owned about 0.61% of Honeywell International worth $928,115,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ironwood Wealth Management LLC. boosted its holdings in Honeywell International by 2.3% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,498 shares of the conglomerate’s stock valued at $759,000 after purchasing an additional 78 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Honeywell International by 54.8% during the first quarter. Rafferty Asset Management LLC now owns 13,800 shares of the conglomerate’s stock valued at $2,996,000 after purchasing an additional 4,886 shares in the last quarter. Certified Advisory Corp purchased a new stake in Honeywell International during the first quarter worth about $50,000. Parkside Financial Bank & Trust increased its stake in shares of Honeywell International by 4.8% in the first quarter. Parkside Financial Bank & Trust now owns 3,738 shares of the conglomerate’s stock worth $811,000 after purchasing an additional 170 shares in the last quarter. Finally, Rossmore Private Capital increased its stake in shares of Honeywell International by 0.6% in the first quarter. Rossmore Private Capital now owns 20,791 shares of the conglomerate’s stock worth $4,513,000 after purchasing an additional 128 shares in the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.
HON traded down $1.63 during trading on Tuesday, reaching $216.27. 32,858 shares of the company’s stock were exchanged, compared to its average volume of 2,746,296. The company’s fifty day moving average price is $227.52 and its 200-day moving average price is $224.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41. Honeywell International Inc. has a fifty-two week low of $159.42 and a fifty-two week high of $236.86. The firm has a market capitalization of $149.31 billion, a PE ratio of 30.91, a P/E/G ratio of 2.57 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 annualized dividend and a yield of 1.72%. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.
A number of equities research analysts have recently weighed in on HON shares. Robert W. Baird boosted their price objective on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Royal Bank of Canada raised their target price on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a report on Monday, July 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, July 26th. Finally, Barclays boosted their price target on Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a report on Monday, July 26th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Buy” and a consensus price target of $231.62.
In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of the business’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $231.97, for a total value of $6,627,614.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Que Dallara sold 10,759 shares of the company’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 sale, the chief executive officer now directly owns 3,495 shares of the company’s stock, valued at approximately $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.
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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