Braun Stacey Associates Inc. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 54,470 shares of the conglomerate’s stock after buying an additional 1,055 shares during the period. Braun Stacey Associates Inc.’s holdings in Honeywell International were worth $6,802,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Crestwood Advisors Group LLC acquired a new position in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. raised its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in Honeywell International during the fourth quarter worth approximately $114,000. Hall Laurie J Trustee acquired a new position in Honeywell International during the fourth quarter worth approximately $119,000. Finally, Woodmont Investment Counsel LLC acquired a new position in Honeywell International during the third quarter worth approximately $132,000. Institutional investors own 76.17% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at 133.49 on Tuesday. The firm’s 50-day moving average price is $130.56 and its 200 day moving average price is $123.00. The stock has a market capitalization of $101.76 billion, a P/E ratio of 21.02 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $135.00.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a return on equity of 26.80% and a net margin of 14.03%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 earnings per share. Analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
HON has been the subject of a number of recent analyst reports. Jefferies Group LLC upped their price target on Honeywell International from $133.00 to $141.00 and gave the company a “positive” rating in a research report on Tuesday, February 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $144.00 price target on shares of Honeywell International in a research report on Tuesday, April 11th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $115.00 price target on shares of Honeywell International in a research report on Tuesday, April 11th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, March 14th. Finally, Barclays PLC upped their price target on Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $134.05. In other news, SVP Mark R. James sold 116,441 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total transaction of $15,192,057.27. Following the sale, the senior vice president now directly owns 240,826 shares of the company’s stock, valued at $31,420,568.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas A. Szlosek sold 36,080 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the sale, the chief financial officer now directly owns 2,160 shares in the company, valued at $283,305.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,253,667 shares of company stock worth $164,049,416. Insiders own 1.83% of the company’s stock.
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