State Board of Administration of Florida Retirement System trimmed its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 973,230 shares of the conglomerate’s stock after selling 18,431 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Honeywell International were worth $169,916,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HON. Cordasco Financial Network purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $25,000. Joseph P. Lucia & Associates LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $25,000. Lenox Wealth Advisors LLC increased its stake in Honeywell International by 453.8% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 118 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $29,000. Finally, Mcmillion Capital Management Inc. purchased a new position in Honeywell International in the 2nd quarter valued at approximately $31,000. 77.48% of the stock is owned by institutional investors and hedge funds.
Honeywell International stock traded down $0.98 during mid-day trading on Tuesday, hitting $164.88. 34,714 shares of the company were exchanged, compared to its average volume of 2,260,079. 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 business’s 50 day simple moving average is $171.46 and its two-hundred day simple moving average is $164.88. The company has a market capitalization of $118.74 billion, a P/E ratio of 20.58, a PEG ratio of 2.20 and a beta of 1.09. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The company 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%. Honeywell International’s revenue was down 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 earnings per share. Equities research analysts predict 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. Shareholders of record on Friday, August 16th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is 40.95%.
Several equities analysts recently weighed in on the company. Barclays raised their price objective on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research note on Monday, July 22nd. Jefferies Financial Group raised their price objective on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley raised their price objective on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Citigroup set a $197.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $184.08.
In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’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 transaction, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Company 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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