Toth Financial Advisory Corp boosted its stake in Honeywell International Inc. (NYSE:HON) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,142 shares of the conglomerate’s stock after buying an additional 138 shares during the period. Toth Financial Advisory Corp’s holdings in Honeywell International were worth $701,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lenox Wealth Advisors LLC lifted its stake in Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Honeywell International during the second quarter valued at about $25,000. Mcmillion Capital Management Inc. purchased a new stake in Honeywell International during the second quarter valued at about $31,000. Transamerica Financial Advisors Inc. lifted its stake in Honeywell International by 2,371.4% during the second quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock valued at $31,000 after buying an additional 166 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC lifted its stake in Honeywell International by 887.9% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,798 shares of the conglomerate’s stock valued at $33,000 after buying an additional 1,616 shares in the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.
In related news, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the transaction, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction that occurred 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 owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders sold 25,133 shares of company stock valued at $4,141,655 over the last three months. 0.73% of the stock is owned by insiders.
HON has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Morgan Stanley reduced their price objective on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Credit Suisse Group upped their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Cowen reaffirmed a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $184.09.
Shares of NYSE HON traded up $0.66 during mid-day trading on Tuesday, reaching $163.64. The company had a trading volume of 2,143,769 shares, compared to its average volume of 2,725,435. The stock has a fifty day moving average of $165.33 and a two-hundred day moving average of $168.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The company has a market capitalization of $117.66 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.20 and a beta of 1.10. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 8.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, November 14th. Honeywell International’s dividend payout ratio is 40.95%.
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.
See Also: Buyback For Investors Defined
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.