First Citizens Bank & Trust Co. boosted its stake in Honeywell International Inc. (NYSE:HON) by 39.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,489 shares of the company’s stock after buying an additional 985 shares during the period. First Citizens Bank & Trust Co.’s holdings in Honeywell International were worth $406,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HON. American National Bank boosted its stake in shares of Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares during the last quarter. Zions Bancorporation boosted its stake in shares of Honeywell International by 14.6% in the first quarter. Zions Bancorporation now owns 1,332 shares of the company’s stock valued at $152,000 after buying an additional 170 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its stake 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 valued at $156,000 after buying an additional 1,275 shares during the last quarter. Bath Savings Trust Co purchased a new stake in shares of Honeywell International during the second quarter valued at $201,000. Finally, Private Wealth Advisors Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at $201,000. 76.49% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 0.88% during midday trading on Monday, hitting $108.04. The stock had a trading volume of 3,621,559 shares. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02. The firm has a 50-day moving average of $114.03 and a 200-day moving average of $114.93. The company has a market cap of $82.20 billion, a PE ratio of 17.09 and a beta of 1.05.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The business earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. Equities research analysts forecast that Honeywell International Inc. will post $6.68 EPS for the current year.
Several research firms have commented on HON. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “sell” rating in a report on Monday. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 target price on shares of Honeywell International in a report on Monday, July 25th. Barclays PLC boosted their target price on Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 target price on shares of Honeywell International in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and a consensus price target of $123.00.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the completion of the transaction, 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 SEC, which is accessible through this link. Also, CEO David M. Cote sold 534,505 shares of Honeywell International stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is owned by 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.