J.W. Cole Advisors Inc. grew its stake in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,481 shares of the conglomerate’s stock after purchasing an additional 241 shares during the period. J.W. Cole Advisors Inc.’s holdings in Honeywell International were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of HON. TFO TDC LLC bought a new position in Honeywell International during the 1st quarter worth about $30,000. Rather & Kittrell Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $32,000. Rational Advisors LLC increased its stake in Honeywell International by 69.4% in the first quarter. Rational Advisors LLC now owns 183 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 75 shares during the last quarter. San Luis Wealth Advisors LLC bought a new position in Honeywell International in the first quarter valued at approximately $43,000. Finally, DeDora Capital Inc. bought a new position in Honeywell International in the first quarter valued at approximately $43,000. 74.74% of the stock is currently owned by institutional investors.
Insider Activity at Honeywell International
In related news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $190.00, for a total transaction of $952,090.00. Following the sale, the chief financial officer now directly owns 43,625 shares in the company, valued at approximately $8,288,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.
Honeywell International Trading Up 0.3 %
Honeywell International (NASDAQ:HON – Get Rating) last released its earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.07. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.67 billion. During the same period in the prior year, the firm earned $2.02 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 8.68 EPS for the current fiscal year.
Honeywell International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, August 11th. Honeywell International’s payout ratio is currently 53.48%.
Analysts Set New Price Targets
A number of analysts have weighed in on HON shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Morgan Stanley reduced their price objective on shares of Honeywell International from $194.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Friday, July 29th. Barclays boosted their target price on shares of Honeywell International from $204.00 to $210.00 in a report on Friday, July 29th. Mizuho dropped their target price on shares of Honeywell International from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, July 18th. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $210.08.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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, as well as wireless connectivity and management services.
- Get a free copy of the StockNews.com research report on Honeywell International (HON)
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