Crossvault Capital Management LLC lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.5% during the first quarter, Holdings Channel.com reports. The firm owned 47,325 shares of the conglomerate’s stock after selling 1,720 shares during the quarter. Honeywell International makes up 3.7% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Crossvault Capital Management LLC’s holdings in Honeywell International were worth $10,273,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of HON. James Hambro & Partners increased its stake in Honeywell International by 114.4% in the fourth quarter. James Hambro & Partners now owns 4,750 shares of the conglomerate’s stock valued at $1,010,000 after purchasing an additional 2,535 shares in the last quarter. First American Bank raised its position in shares of Honeywell International by 14.1% in the first quarter. First American Bank now owns 52,213 shares of the conglomerate’s stock valued at $11,334,000 after purchasing an additional 6,441 shares during the period. Whittier Trust Co. raised its position in shares of Honeywell International by 2.9% in the fourth quarter. Whittier Trust Co. now owns 231,624 shares of the conglomerate’s stock valued at $49,267,000 after purchasing an additional 6,559 shares during the period. GYL Financial Synergies LLC raised its position in shares of Honeywell International by 7.0% in the fourth quarter. GYL Financial Synergies LLC now owns 2,207 shares of the conglomerate’s stock valued at $469,000 after purchasing an additional 144 shares during the period. Finally, Venture Visionary Partners LLC raised its position in shares of Honeywell International by 44.3% in the first quarter. Venture Visionary Partners LLC now owns 20,585 shares of the conglomerate’s stock valued at $4,468,000 after purchasing an additional 6,322 shares during the period. Institutional investors own 75.97% of the company’s stock.
Shares of Honeywell International stock traded down $1.10 during trading on Tuesday, hitting $222.10. The company’s stock had a trading volume of 17,369 shares, compared to its average volume of 2,788,387. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.37 and a current ratio of 1.64. The company has a fifty day simple moving average of $221.11 and a two-hundred day simple moving average of $206.17. The company has a market capitalization of $154.26 billion, a PE ratio of 32.02, a P/E/G ratio of 3.41 and a beta of 1.13. Honeywell International Inc. has a 52 week low of $117.11 and a 52 week high of $232.35.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.12. The business had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.07 billion. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. Honeywell International’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS. As a group, analysts predict that Honeywell International Inc. will post 7.03 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 4th. Stockholders of record on Friday, May 14th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, May 13th. Honeywell International’s payout ratio is presently 45.59%.
HON has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of Honeywell International from $194.00 to $199.00 and gave the company a “sector perform” rating in a research report on Monday, February 1st. UBS Group upped their target price on shares of Honeywell International from $180.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, January 15th. They noted that the move was a valuation call. Argus upped their target price on shares of Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, February 1st. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $230.00 to $246.00 and gave the stock an “equal weight” rating in a report on Monday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $221.00.
In related news, VP Anne T. Madden sold 8,885 shares of the firm’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $223.22, for a total value of $1,983,309.70. Following the transaction, the vice president now owns 50,658 shares of the company’s stock, valued at $11,307,878.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company’s stock.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
Further Reading: 52 Week Highs and Lows
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