Tompkins Financial Corp increased its position in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,959 shares of the conglomerate’s stock after acquiring an additional 324 shares during the period. Honeywell International makes up about 1.0% of Tompkins Financial Corp’s investment portfolio, making the stock its 24th largest position. Tompkins Financial Corp’s holdings in Honeywell International were worth $5,069,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC increased its stake in Honeywell International by 453.8% in the 2nd 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. Krane Funds Advisors LLC purchased a new position in Honeywell International in the 2nd quarter worth about $25,000. Transamerica Financial Advisors Inc. increased its stake in Honeywell International by 2,371.4% in the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 166 shares in the last quarter. Mcmillion Capital Management Inc. purchased a new position in Honeywell International in the 2nd quarter worth about $31,000. Finally, University of Texas Texas AM Investment Managment Co. purchased a new position in Honeywell International in the 2nd quarter worth about $35,000. 75.83% of the stock is currently owned by hedge funds and other institutional investors.
HON has been the topic of a number of analyst reports. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted 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, October 10th. Morgan Stanley lifted their price target on Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lifted their price target on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Citigroup lifted 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $184.55.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, research analysts forecast that Honeywell International Inc. will post 8.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is 40.95%.
In other news, CEO Rajeev Gautam sold 10,984 shares of Honeywell International 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 completion of the sale, the chief executive officer now directly owns 28,920 shares in the company, valued at approximately $4,739,409.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,133 shares of company stock worth $4,141,655. Company insiders own 0.73% of the company’s stock.
About Honeywell International
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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