SevenBridge Financial Group LLC Grows Stake in Honeywell International Inc. (NYSE:HON)

SevenBridge Financial Group LLC lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,535 shares of the conglomerate’s stock after purchasing an additional 60 shares during the period. SevenBridge Financial Group LLC’s holdings in Honeywell International were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cordasco Financial Network purchased a new stake in shares of Honeywell International during the first quarter worth about $25,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Honeywell International during the first quarter worth about $25,000. Lenox Wealth Advisors LLC increased its stake in shares of Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares in the last quarter. Capital Financial Planning LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $26,000. Finally, Mackey Komara & Dankovich LLC purchased a new stake in shares of Honeywell International during the first quarter worth about $29,000. 76.86% of the stock is owned by institutional investors and hedge funds.

HON traded down $0.08 on Wednesday, reaching $173.83. 43,560 shares of the company’s stock were exchanged, compared to its average volume of 2,027,155. The firm has a market capitalization of $124.86 billion, a PE ratio of 21.70, a PEG ratio of 2.31 and a beta of 1.10. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The business has a fifty day moving average price of $174.48. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

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, topping analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. Honeywell International’s quarterly revenue was down 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.12 earnings per share. Analysts expect that Honeywell International Inc. will post 8.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 1.89%. Honeywell International’s payout ratio is 40.95%.

A number of analysts have recently commented on the stock. Barclays set a $89.00 target price on shares of Franco Nevada and gave the stock a “hold” rating in a research note on Friday, July 19th. Citigroup set a $317.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group set a $203.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley set a $620.00 price target on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada set a $311.00 price target on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $183.15.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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