Mitchell Sinkler & Starr PA Has $1,945,000 Stake in Honeywell International Inc. (HON)
Mitchell Sinkler & Starr PA maintained its position in shares of Honeywell International Inc. (NYSE:HON) during the third quarter, Holdings Channel reports. The fund owned 16,679 shares of the company’s stock at the end of the third quarter. Honeywell International makes up approximately 3.0% of Mitchell Sinkler & Starr PA’s portfolio, making the stock its 7th largest position. Mitchell Sinkler & Starr PA’s holdings in Honeywell International were worth $1,945,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krilogy Financial LLC increased its position in shares of Honeywell International by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,539 shares of the company’s stock valued at $295,000 after buying an additional 8 shares during the period. Kanaly Trust Co increased its position in Honeywell International by 0.8% in the second quarter. Kanaly Trust Co now owns 1,823 shares of the company’s stock valued at $212,000 after buying an additional 14 shares during the last quarter. Hudock Capital Group LLC increased its position in Honeywell International by 0.5% in the second quarter. Hudock Capital Group LLC now owns 4,481 shares of the company’s stock valued at $521,000 after buying an additional 22 shares during the last quarter. Eqis Capital Management Inc. increased its position in Honeywell International by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 4,570 shares of the company’s stock valued at $532,000 after buying an additional 27 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Honeywell International by 1.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 2,967 shares of the company’s stock valued at $345,000 after buying an additional 28 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 0.53% during trading on Wednesday, reaching $113.94. 5,896,813 shares of the company traded hands. The company has a 50 day moving average price of $110.70 and a 200 day moving average price of $114.31. The firm has a market capitalization of $86.84 billion, a price-to-earnings ratio of 17.83 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by $0.03. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. The firm earned $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the prior year, the business earned $1.60 earnings per share. Honeywell International’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post $6.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be issued a $0.665 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.60. This represents a $2.66 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 42.09%.
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Several research analysts have recently issued reports on the stock. Vetr upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 price objective on the stock in a report on Wednesday, November 16th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $122.00 price objective (down previously from $128.00) on shares of Honeywell International in a report on Wednesday, October 12th. Barclays PLC set a $128.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Wednesday, October 12th. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “sell” rating in a report on Monday, October 17th. Finally, Citigroup Inc. dropped their price objective on shares of Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a report on Monday, October 10th. Three research 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $125.48.
In other Honeywell International news, Director Bradley T. Sheares sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $109.99, for a total value of $329,970.00. Following the transaction, the director now directly owns 7,288 shares of the company’s stock, valued at approximately $801,607.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.83% of the stock is currently owned by company insiders.
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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