Abner Herrman & Brock LLC increased its holdings in Honeywell International Inc. (NYSE:HON) by 1.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 87,955 shares of the conglomerate’s stock after acquiring an additional 899 shares during the period. Honeywell International makes up about 2.2% of Abner Herrman & Brock LLC’s holdings, making the stock its 20th largest holding. Abner Herrman & Brock LLC’s holdings in Honeywell International were worth $14,882,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. VeraBank N.A. lifted its stake in Honeywell International by 23.2% during the third quarter. VeraBank N.A. now owns 2,918 shares of the conglomerate’s stock worth $494,000 after purchasing an additional 550 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its stake in Honeywell International by 3.2% during the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,575 shares of the conglomerate’s stock worth $736,000 after purchasing an additional 140 shares in the last quarter. Perkins Coie Trust Co lifted its stake in Honeywell International by 6.4% during the third quarter. Perkins Coie Trust Co now owns 15,632 shares of the conglomerate’s stock worth $2,645,000 after purchasing an additional 942 shares in the last quarter. Larson Financial Group LLC lifted its stake in Honeywell International by 5,800.0% during the third quarter. Larson Financial Group LLC now owns 354 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 348 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Honeywell International by 1.1% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 22,080 shares of the conglomerate’s stock worth $3,736,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 75.77% of the company’s stock.
A number of research firms have commented on HON. Jefferies Financial Group upped their price target on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Citigroup upped their price target on Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Zacks Investment Research cut Honeywell International from a “hold” rating to a “sell” rating and set a $169.00 price target on the stock. in a research note on Friday. JPMorgan Chase & Co. upped their price target on Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley decreased their price target on Honeywell International from $188.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average target price of $184.09.
In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the transaction, the chief executive officer now owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is owned by insiders.
Honeywell International stock traded up $3.25 during midday trading on Friday, reaching $164.22. The company’s stock had a trading volume of 61,130 shares, compared to its average volume of 2,783,398. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47. 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 company has a market cap of $114.13 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.11 and a beta of 1.10. The business has a 50-day simple moving average of $165.05 and a 200-day simple moving average of $168.10.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same period last year, the firm earned $2.12 earnings per share. Honeywell International’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 8.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.90 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a yield of 2.19%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
Honeywell International Company Profile
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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