Community Bank N.A. lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 29.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,688 shares of the conglomerate’s stock after purchasing an additional 1,993 shares during the period. Community Bank N.A.’s holdings in Honeywell International were worth $1,256,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Hayden Royal LLC raised its stake in shares of Honeywell International by 1.6% during the 1st quarter. Hayden Royal LLC now owns 4,255 shares of the conglomerate’s stock worth $569,000 after purchasing an additional 65 shares in the last quarter. BTR Capital Management Inc. raised its stake in shares of Honeywell International by 1.4% during the 2nd quarter. BTR Capital Management Inc. now owns 4,899 shares of the conglomerate’s stock worth $708,000 after purchasing an additional 70 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Honeywell International by 0.5% during the 1st quarter. Simon Quick Advisors LLC now owns 14,895 shares of the conglomerate’s stock worth $1,993,000 after purchasing an additional 71 shares in the last quarter. Pacific Wealth Strategies Group Inc. raised its stake in Honeywell International by 1.5% in the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 4,928 shares of the conglomerate’s stock valued at $713,000 after acquiring an additional 72 shares during the period. Finally, Atwood & Palmer Inc. raised its stake in Honeywell International by 5.7% in the 1st quarter. Atwood & Palmer Inc. now owns 1,390 shares of the conglomerate’s stock valued at $186,000 after acquiring an additional 75 shares during the period. Institutional investors own 76.31% of the company’s stock.
A number of equities research analysts recently weighed in on HON shares. Morgan Stanley increased their price target on Honeywell International from $147.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Robert W. Baird increased their price target on Honeywell International from $150.00 to $167.00 in a research note on Monday, July 27th. Argus restated a “buy” rating and issued a $165.00 price target on shares of Honeywell International in a research note on Tuesday. Jefferies Financial Group increased their price target on Honeywell International from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, UBS Group dropped their price target on Honeywell International from $143.00 to $136.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $160.06.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 24th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.28 billion. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. Honeywell International’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 EPS. Analysts anticipate that Honeywell International Inc. will post 6.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.41%. Honeywell International’s dividend payout ratio (DPR) is presently 44.12%.
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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