Insight Wealth Strategies LLC acquired a new position in shares of Honeywell International Inc. (NYSE:HON) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,487 shares of the conglomerate’s stock, valued at approximately $245,000.
Other hedge funds have also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Honeywell International by 3.9% during the 1st quarter. Morgan Stanley now owns 9,783,436 shares of the conglomerate’s stock worth $1,308,927,000 after purchasing an additional 370,187 shares in the last quarter. Bath Savings Trust Co grew its holdings in shares of Honeywell International by 2.9% during the 2nd quarter. Bath Savings Trust Co now owns 25,046 shares of the conglomerate’s stock worth $3,622,000 after purchasing an additional 709 shares in the last quarter. S.E.E.D. Planning Group LLC grew its holdings in shares of Honeywell International by 5.2% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 19,650 shares of the conglomerate’s stock worth $2,850,000 after purchasing an additional 964 shares in the last quarter. Red Door Wealth Management LLC grew its holdings in shares of Honeywell International by 11.8% during the 2nd quarter. Red Door Wealth Management LLC now owns 7,033 shares of the conglomerate’s stock worth $1,017,000 after purchasing an additional 745 shares in the last quarter. Finally, Norway Savings Bank grew its holdings in shares of Honeywell International by 15.7% during the 2nd quarter. Norway Savings Bank now owns 2,720 shares of the conglomerate’s stock worth $393,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.
Several analysts have recently issued reports on HON shares. Barclays reissued a “buy” rating on shares of Honeywell International in a report on Sunday, July 26th. Robert W. Baird increased their target price on Honeywell International from $150.00 to $167.00 in a report on Monday, July 27th. Credit Suisse Group raised their price objective on Honeywell International from $166.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Honeywell International from $153.00 to $169.00 and gave the company a “hold” rating in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $185.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and a consensus price target of $163.17.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 30th. The conglomerate reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.07. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. The company had revenue of $7.80 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period last year, the company earned $2.08 earnings per share. The firm’s revenue was down 14.2% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 6.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Honeywell International’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. Honeywell International’s dividend payout ratio (DPR) is 44.12%.
In other Honeywell International news, major shareholder Honeywell International Inc bought 220,000 shares of the stock in a transaction on Wednesday, October 28th. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $800,800.00. Following the completion of the acquisition, the insider now owns 97,200 shares in the company, valued at approximately $353,808. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darius Adamczyk sold 20,000 shares of Honeywell International stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $163.95, for a total value of $3,279,000.00. Following the completion of the sale, the chief executive officer now owns 200,677 shares of the company’s stock, valued at $32,900,994.15. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. The Aerospace 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; thermal systems; and connected solutions and data services for the aftermarket, as well as wireless connectivity, and management and technical services.
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