Ibex Wealth Advisors increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,684 shares of the conglomerate’s stock after buying an additional 656 shares during the period. Honeywell International comprises approximately 1.5% of Ibex Wealth Advisors’ portfolio, making the stock its 26th largest position. Ibex Wealth Advisors’ holdings in Honeywell International were worth $4,108,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. CX Institutional acquired a new stake in Honeywell International during the 2nd quarter worth approximately $100,000. Jolley Asset Management LLC bought a new position in Honeywell International during the 2nd quarter worth approximately $104,000. Fort L.P. bought a new position in Honeywell International during the 2nd quarter worth approximately $118,000. McKinley Carter Wealth Services Inc. bought a new position in Honeywell International during the 1st quarter worth approximately $125,000. Finally, Kiley Juergens Wealth Management LLC bought a new position in Honeywell International during the 2nd quarter worth approximately $125,000. Institutional investors and hedge funds own 74.60% of the company’s stock.
HON has been the subject of several analyst reports. Citigroup raised their price target on shares of Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Barclays raised their price target on shares of Honeywell International from $172.00 to $176.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Cowen restated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a report on Friday, August 24th. Finally, Deutsche Bank set a $166.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a report on Thursday, July 12th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $173.84.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.11. The company had revenue of $10.92 billion during the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. Honeywell International’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. Analysts forecast that Honeywell International Inc. will post 8.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 1.99%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is currently 41.91%.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the completion of the sale, the insider now owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 3,066 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the sale, the director now owns 11,787 shares of the company’s stock, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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