Kavar Capital Partners LLC purchased a new position in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,200 shares of the conglomerate’s stock, valued at approximately $210,000.
A number of other large investors also recently made changes to their positions in the stock. B. Riley Wealth Management Inc. increased its stake in Honeywell International by 4.9% in the first quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock valued at $4,182,000 after purchasing an additional 1,220 shares during the period. Ibex Wealth Advisors acquired a new position in Honeywell International in the second quarter valued at $142,000. Rockland Trust Co. boosted its holdings in shares of Honeywell International by 10.5% in the second quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock valued at $408,000 after acquiring an additional 222 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Honeywell International in the second quarter valued at about $48,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Honeywell International by 513.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock valued at $4,704,000 after acquiring an additional 22,556 shares in the last quarter. Hedge funds and other institutional investors own 77.29% of the company’s stock.
HON stock traded down $1.08 on Thursday, hitting $162.96. 57,009 shares of the company were exchanged, compared to its average volume of 2,508,685. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The company has a fifty day simple moving average of $172.44. The firm has a market cap of $118.72 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. Honeywell International’s revenue for the quarter was down 15.3% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio is currently 40.95%.
In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 in the company, valued at $1,178,529.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vimal Kapur sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.
A number of analysts recently commented on HON shares. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Cowen reissued a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a report on Friday, August 2nd. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $184.08.
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.
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