First National Trust Co. decreased its position in Honeywell International Inc. (NYSE:HON) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 38,215 shares of the company’s stock after selling 427 shares during the period. First National Trust Co.’s holdings in Honeywell International were worth $4,445,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Investec Asset Management LTD increased its position in Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares in the last quarter. Bank of Montreal Can bought a new position in Honeywell International during the second quarter worth $98,669,000. Teachers Advisors Inc. increased its position in Honeywell International by 23.2% in the first quarter. Teachers Advisors Inc. now owns 1,791,364 shares of the company’s stock worth $200,722,000 after buying an additional 336,816 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Honeywell International by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 8,715,518 shares of the company’s stock worth $976,574,000 after buying an additional 332,057 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Honeywell International by 4.7% in the first quarter. Geode Capital Management LLC now owns 6,480,309 shares of the company’s stock worth $724,716,000 after buying an additional 293,075 shares in the last quarter. 76.50% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.30% during mid-day trading on Thursday, reaching $115.61. 3,271,259 shares of the company traded hands. Honeywell International Inc. has a 52-week low of $93.71 and a 52-week high of $120.02. The stock’s 50 day moving average is $115.59 and its 200 day moving average is $115.16. The stock has a market capitalization of $87.96 billion, a PE ratio of 18.29 and a beta of 1.05.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The firm earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. On average, analysts anticipate that Honeywell International Inc. will post $6.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s payout ratio is currently 37.66%.
HON has been the topic of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reissued a “buy” rating and issued a $127.00 target price on shares of Honeywell International in a research note on Tuesday, September 6th. Bank of America Corp. set a $132.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price on shares of Honeywell International in a research note on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $122.98.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total transaction of $69,774.00. Following the completion of the sale, the insider now directly owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. 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.