Trade Report: Today, State Treasurer State of Michigan invests in Honeywell International Inc. (HON) Shares

Today, State Treasurer State of Michigan invests in Honeywell International Inc. (HON) Shares

State Treasurer State of Michigan boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 3.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,073,049 shares of the company’s stock after buying an additional 38,000 shares during the period. Honeywell International makes up about 1.0% of State Treasurer State of Michigan’s portfolio, making the stock its 22nd largest position. State Treasurer State of Michigan owned approximately 0.14% of Honeywell International worth $124,394,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $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 valued at $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 valued at $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 valued at $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 valued at $1,146,000 after buying an additional 260 shares during the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (NYSE:HON) traded down 0.1596% on Monday, hitting $113.9878. The stock had a trading volume of 1,625,445 shares. The firm has a market cap of $86.87 billion, a P/E ratio of 17.8385 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. The firm’s 50-day moving average price is $110.08 and its 200 day moving average price is $114.32.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 21st. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by $0.03. The business had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Analysts anticipate that Honeywell International Inc. will post $6.60 EPS for the current fiscal 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 given a dividend of $0.665 per share. The ex-dividend date is Wednesday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. This represents a $2.66 dividend on an annualized basis and a yield of 2.33%. Honeywell International’s payout ratio is currently 42.09%.

Several research firms have recently weighed in on HON. Deutsche Bank AG reissued a “buy” rating and set a $113.00 price target on shares of Honeywell International in a report on Thursday, August 25th. Morgan Stanley set a $130.00 price target on Honeywell International and gave the company a “buy” rating in a report on Monday, August 22nd. Bank of America Corp. restated a “buy” rating and issued a $125.00 price objective on shares of Honeywell International in a research note on Friday, October 7th. Jefferies Group restated a “buy” rating and issued a $130.00 price objective on shares of Honeywell International in a research note on Friday, October 7th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $113.35 price objective on shares of Honeywell International in a research note on Friday, October 7th. Three 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. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $125.48.

In related news, Director Bradley T. Sheares sold 3,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $109.99, for a total transaction of $329,970.00. Following the completion of the transaction, the director now directly owns 7,288 shares in the company, valued at $801,607.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Related posts

Leave a Comment