Honeywell International Inc. (HON) Shares Bought by Albion Financial Group UT

Albion Financial Group UT boosted its holdings in Honeywell International Inc. (NYSE:HON) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,841 shares of the conglomerate’s stock after purchasing an additional 1,401 shares during the period. Honeywell International comprises 1.2% of Albion Financial Group UT’s holdings, making the stock its 27th largest position. Albion Financial Group UT’s holdings in Honeywell International were worth $8,476,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Honeywell International by 0.8% during the 1st quarter. BlackRock Inc. now owns 47,946,537 shares of the conglomerate’s stock valued at $6,928,754,000 after buying an additional 371,519 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Honeywell International by 1.5% during the 1st quarter. Fiduciary Management Inc. WI now owns 4,182,825 shares of the conglomerate’s stock valued at $604,460,000 after buying an additional 62,526 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Honeywell International by 13,390.2% during the 1st quarter. Summit Trail Advisors LLC now owns 4,022,630 shares of the conglomerate’s stock valued at $4,023,000 after buying an additional 3,992,811 shares during the last quarter. Swiss National Bank lifted its position in shares of Honeywell International by 7.1% during the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock valued at $358,162,000 after buying an additional 164,400 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Honeywell International by 10.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,363,644 shares of the conglomerate’s stock valued at $340,483,000 after buying an additional 230,252 shares during the last quarter. 74.64% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on HON. Morgan Stanley began coverage on Honeywell International in a research report on Monday, August 20th. They set an “overweight” rating and a $175.00 price target on the stock. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Monday, May 28th. Barclays upped their price target on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. Finally, MED began coverage on Honeywell International in a research report on Thursday, July 12th. They set a “buy” rating and a $166.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $172.94.

Shares of HON opened at $165.11 on Friday. The stock has a market cap of $121.71 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International Inc. has a 52-week low of $137.18 and a 52-week high of $166.01.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.11. The business had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 EPS. research analysts expect that Honeywell International Inc. will post 8.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.80%. Honeywell International’s dividend payout ratio (DPR) is 41.91%.

In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares in the company, valued at $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

About Honeywell International

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

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