FTB Advisors Inc. reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 9.7% during the second quarter, Holdings Channel reports. The firm owned 1,626 shares of the company’s stock after selling 174 shares during the period. FTB Advisors Inc.’s holdings in Honeywell International were worth $189,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in HON. American National Bank increased its stake 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 period. Zions Bancorporation boosted its position in shares of Honeywell International by 14.6% in the first quarter. Zions Bancorporation now owns 1,332 shares of the company’s stock worth $152,000 after buying an additional 170 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in shares of Honeywell International by 1,062.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,395 shares of the company’s stock worth $156,000 after buying an additional 1,275 shares in the last quarter. Private Wealth Advisors Inc. purchased a new position in shares of Honeywell International during the second quarter worth $201,000. Finally, Bath Savings Trust Co purchased a new position in shares of Honeywell International during the second quarter worth $201,000. 76.49% of the stock is owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded up 0.1612% during trading on Tuesday, reaching $108.2142. The company had a trading volume of 2,164,164 shares. Honeywell International Inc. has a 12 month low of $93.71 and a 12 month high of $120.02. The stock has a 50 day moving average of $113.78 and a 200-day moving average of $114.95. The company has a market capitalization of $82.34 billion, a P/E ratio of 17.1198 and a beta of 1.05.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. Honeywell International’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. Equities research analysts expect that Honeywell International Inc. will post $6.68 EPS for the current fiscal year.
HON has been the subject of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Honeywell International in a research report on Monday, June 27th. Bank of America Corp. set a $132.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Monday, July 25th. Morgan Stanley restated a “buy” rating and issued a $127.00 price target on shares of Honeywell International in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. cut Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 price target for the company. in a research report on Monday, October 10th. Finally, Jefferies Group restated a “buy” rating and issued a $130.00 price target on shares of Honeywell International in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $123.00.
In related news, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $116.15, for a total value of $62,082,755.75. Following the transaction, the chief executive officer now directly owns 700,000 shares in the company, valued at $81,305,000. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.
About Honeywell International
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.