Honeywell International Inc. (HON) Stake Reduced by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL cut its position in Honeywell International Inc. (NYSE:HON) by 0.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 195,962 shares of the company’s stock after selling 913 shares during the period. Gofen & Glossberg LLC IL’s holdings in Honeywell International were worth $22,847,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of HON. American National Bank boosted its position in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Honeywell International by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 657,787 shares of the company’s stock worth $76,515,000 after buying an additional 2,729 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Honeywell International by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 197,274 shares of the company’s stock worth $22,947,000 after buying an additional 9,963 shares during the last quarter. Private Asset Management Inc. boosted its position in Honeywell International by 11.7% in the second quarter. Private Asset Management Inc. now owns 5,025 shares of the company’s stock worth $585,000 after buying an additional 525 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in Honeywell International by 2.7% in the second quarter. NEXT Financial Group Inc now owns 9,852 shares of the company’s stock worth $1,146,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.15% during midday trading on Tuesday, hitting $114.02. 654,696 shares of the stock were exchanged. The firm has a 50 day moving average of $110.28 and a 200-day moving average of $114.31. The company has a market cap of $86.90 billion, a price-to-earnings ratio of 17.84 and a beta of 0.94. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.03. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post $6.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be paid a dividend of $0.665 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.66 annualized dividend and a yield of 2.34%. Honeywell International’s payout ratio is presently 42.09%.
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A number of analysts recently weighed in on HON shares. Morgan Stanley reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Honeywell International in a research note on Tuesday, September 6th. Barclays PLC set a $128.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Wednesday, October 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Honeywell International in a research note on Thursday, August 25th. Bank of America Corp. reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Honeywell International in a research note on Friday, October 7th. Finally, Zacks Investment Research lowered shares of Honeywell International from a “hold” rating to a “sell” rating in a research note on Monday, October 17th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $125.48.
In related news, Director Bradley T. Sheares sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $109.99, for a total transaction of $329,970.00. Following the completion of the sale, the director now owns 7,288 shares in the company, valued at $801,607.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.83% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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