Gradient Investments LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 211.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,000 shares of the conglomerate’s stock after acquiring an additional 21,722 shares during the quarter. Gradient Investments LLC’s holdings in Honeywell International were worth $5,562,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd acquired a new position in Honeywell International during the fourth quarter worth approximately $48,000. True North Advisors LLC acquired a new position in Honeywell International during the fourth quarter worth approximately $457,000. Invesco Ltd. increased its position in Honeywell International by 6.5% during the fourth quarter. Invesco Ltd. now owns 2,769,395 shares of the conglomerate’s stock worth $577,446,000 after buying an additional 168,790 shares during the last quarter. Quilter Plc increased its position in Honeywell International by 7.9% during the fourth quarter. Quilter Plc now owns 203,966 shares of the conglomerate’s stock worth $42,181,000 after buying an additional 14,964 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. increased its position in Honeywell International by 13.9% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 162,129 shares of the conglomerate’s stock worth $33,806,000 after buying an additional 19,792 shares during the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Cowen set a $205.00 price target on Honeywell International in a research report on Tuesday, July 19th. Citigroup boosted their price objective on Honeywell International from $211.00 to $222.00 in a report on Friday, July 29th. Royal Bank of Canada boosted their price objective on Honeywell International from $184.00 to $193.00 in a report on Friday, July 29th. Barclays boosted their price objective on Honeywell International from $204.00 to $210.00 in a report on Friday, July 29th. Finally, Mizuho reduced their price objective on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $210.08.
Honeywell International Trading Up 0.3 %
Honeywell International (NASDAQ:HON – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.07. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The business had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same period in the previous year, the company posted $2.02 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts predict that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 11th. Honeywell International’s payout ratio is presently 53.48%.
Insiders Place Their Bets
In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total transaction of $952,090.00. Following the completion of the sale, the chief financial officer now directly owns 43,625 shares in the company, valued at $8,288,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.
About Honeywell International
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.
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