Adell Harriman & Carpenter Inc. reduced its position in Honeywell International Inc. (NYSE:HON) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,057 shares of the conglomerate’s stock after selling 590 shares during the period. Honeywell International accounts for about 1.9% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 13th largest position. Adell Harriman & Carpenter Inc.’s holdings in Honeywell International were worth $8,498,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in HON. Crestwood Advisors Group LLC acquired a new stake in Honeywell International during the first quarter worth $100,000. Peoples Financial Services CORP. raised its stake in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in Honeywell International during the fourth quarter worth $114,000. Sowell Financial Services LLC acquired a new stake in Honeywell International during the fourth quarter worth $156,000. Finally, Elgethun Capital Management acquired a new stake in Honeywell International during the fourth quarter worth $168,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) opened at 132.93 on Wednesday. The company’s 50-day moving average price is $132.66 and its 200-day moving average price is $124.62. The company has a market cap of $101.34 billion, a P/E ratio of 20.93 and a beta of 0.92. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $135.90.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 EPS. Equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 19th were issued a dividend of $0.665 per share. The ex-dividend date was Wednesday, May 17th. This represents a $2.66 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 42.16%.
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HON has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Tuesday, March 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 target price on shares of Honeywell International in a research note on Tuesday, April 11th. Cowen and Company reissued a “buy” rating on shares of Honeywell International in a research report on Monday, April 24th. Stifel Nicolaus increased their price target on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Finally, Citigroup Inc. increased their price target on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $135.34.
In other Honeywell International news, Director Bradley T. Sheares sold 3,430 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $131.71, for a total transaction of $451,765.30. Following the sale, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thomas A. Szlosek sold 36,080 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $131.16, for a total value of $4,732,252.80. Following the sale, the chief financial officer now owns 2,160 shares in the company, valued at approximately $283,305.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,253,667 shares of company stock worth $164,049,416. 1.56% of the stock is owned by company insiders.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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