Mackenzie Financial Corp boosted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 775,680 shares of the conglomerate’s stock after buying an additional 35,986 shares during the quarter. Mackenzie Financial Corp owned about 0.11% of Honeywell International worth $170,145,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Harvest Fund Management Co. Ltd increased its holdings in shares of Honeywell International by 97.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 144 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Harvest Group Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter worth approximately $36,000. Certified Advisory Corp bought a new stake in Honeywell International during the first quarter worth approximately $50,000. SRS Capital Advisors Inc. acquired a new position in Honeywell International during the second quarter valued at approximately $53,000. Finally, Better Money Decisions LLC bought a new position in shares of Honeywell International in the second quarter valued at approximately $55,000. Institutional investors own 75.66% of the company’s stock.
In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of the company’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $231.97, for a total transaction of $6,627,614.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Que Dallara sold 10,759 shares of Honeywell International stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $231.28, for a total transaction of $2,488,341.52. Following the completion of the transaction, the chief executive officer now owns 3,495 shares of the company’s stock, valued at approximately $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. The company had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.66 billion. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. On average, research analysts expect that Honeywell International Inc. will post 8.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.73%. Honeywell International’s payout ratio is presently 52.39%.
A number of research analysts recently issued reports on HON shares. Barclays raised their target price on shares of Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a research note on Monday, July 26th. Royal Bank of Canada lifted their price objective on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft increased their target price on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, July 26th. Finally, Robert W. Baird upped their price target on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $231.62.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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