Magnus Financial Group LLC grew its position in Honeywell International Inc. (NYSE:HON) by 8.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,253 shares of the conglomerate’s stock after buying an additional 175 shares during the period. Magnus Financial Group LLC’s holdings in Honeywell International were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fishman Jay A Ltd. MI lifted its stake in shares of Honeywell International by 3.8% during the 4th quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock worth $5,079,000 after acquiring an additional 1,390 shares during the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after purchasing an additional 478,988 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Honeywell International by 12.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 96,600 shares of the conglomerate’s stock valued at $12,763,000 after purchasing an additional 10,811 shares in the last quarter. Financial Advocates Investment Management raised its position in Honeywell International by 104.4% during the 4th quarter. Financial Advocates Investment Management now owns 16,241 shares of the conglomerate’s stock valued at $1,179,000 after purchasing an additional 8,296 shares in the last quarter. Finally, Actinver Wealth Management Inc. bought a new stake in Honeywell International during the 4th quarter valued at $1,800,000. Hedge funds and other institutional investors own 77.48% of the company’s stock.
A number of equities research analysts have weighed in on HON shares. Credit Suisse Group lifted their target price on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research report on Monday, July 22nd. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Citigroup set a $197.00 target price on Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group lifted their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $184.08.
Shares of HON traded down $0.23 during trading hours on Tuesday, hitting $165.63. The company had a trading volume of 26,810 shares, compared to its average volume of 2,260,079. The company has a market capitalization of $118.74 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The company’s fifty day moving average price is $171.46 and its two-hundred day moving average price is $164.88.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. Analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is 40.95%.
In other news, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. 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.
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