L & S Advisors Inc raised its position in Honeywell International Inc. (NYSE:HON) by 181.0% during the second quarter, Holdings Channel.com reports. The fund owned 50,243 shares of the conglomerate’s stock after purchasing an additional 32,361 shares during the quarter. Honeywell International accounts for approximately 1.2% of L & S Advisors Inc’s investment portfolio, making the stock its 12th largest position. L & S Advisors Inc’s holdings in Honeywell International were worth $8,772,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC boosted its stake in Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after acquiring an additional 2,539,617 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Honeywell International by 3.7% in the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after buying an additional 1,623,768 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Honeywell International by 131.0% in the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after buying an additional 1,610,006 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after buying an additional 544,684 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after buying an additional 478,988 shares in the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.
In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the sale, the chairman now directly owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock valued at $4,141,655 over the last three months. 0.73% of the stock is owned by corporate insiders.
HON has been the topic of several analyst reports. ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley upped their target price on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group boosted their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Cowen reissued a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $183.58.
HON opened at $168.03 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of $166.48 and a 200-day moving average price of $166.55. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The stock has a market capitalization of $122.04 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.26 and a beta of 1.10.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the previous year, the company earned $2.12 earnings per share. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. Honeywell International’s payout ratio is 40.95%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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