Cadence Bank NA decreased its position in Honeywell International Inc. (NYSE:HON) by 7.3% during the first quarter, Holdings Channel reports. The institutional investor owned 5,007 shares of the conglomerate’s stock after selling 393 shares during the period. Cadence Bank NA’s holdings in Honeywell International were worth $626,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in HON. National Planning Corp boosted its stake in shares of Honeywell International by 25.9% in the fourth quarter. National Planning Corp now owns 14,024 shares of the conglomerate’s stock worth $1,655,000 after buying an additional 2,887 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Honeywell International by 29.2% in the fourth quarter. Bessemer Group Inc. now owns 18,250 shares of the conglomerate’s stock worth $2,114,000 after buying an additional 4,123 shares in the last quarter. ING Groep NV boosted its stake in shares of Honeywell International by 1,339.5% in the fourth quarter. ING Groep NV now owns 44,755 shares of the conglomerate’s stock worth $5,192,000 after buying an additional 41,646 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth about $411,000. Finally, Harfst & Associates Inc. bought a new stake in shares of Honeywell International during the fourth quarter worth about $267,000. Institutional investors own 78.06% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 134.63 on Monday. The company has a market cap of $102.63 billion, a PE ratio of 21.20 and a beta of 0.92. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $135.33. The firm’s 50-day moving average price is $132.41 and its 200 day moving average price is $124.14.
Honeywell International (NYSE:HON) last issued its earnings results 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. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The business’s revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, May 17th. Honeywell International’s payout ratio is 42.16%.
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A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Honeywell International in a research note on Friday, May 26th. Jefferies Group LLC reiterated a “buy” rating and set a $141.00 price objective on shares of Honeywell International in a research note on Wednesday, May 17th. Citigroup Inc. upped their price objective on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Barclays PLC upped their price objective on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research upgraded Honeywell International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $134.05.
In other news, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the transaction, the vice president now directly owns 3,141 shares in the company, valued at approximately $414,235.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark R. James sold 116,441 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $130.47, for a total value of $15,192,057.27. Following the completion of the transaction, the senior vice president now owns 240,826 shares of the company’s stock, valued at $31,420,568.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,253,667 shares of company stock valued at $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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