Physicians Financial Services Inc. Sold 111 Shares of Honeywell International Inc. (HON)

Physicians Financial Services Inc. Sold 111 Shares of Honeywell International Inc. (HON)

Physicians Financial Services Inc. reduced its stake in Honeywell International Inc. (NYSE:HON) by 2.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,372 shares of the conglomerate’s stock after selling 111 shares during the period. Physicians Financial Services Inc.’s holdings in Honeywell International were worth $546,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in Honeywell International by 4.4% in the fourth quarter. State Street Corp now owns 30,884,640 shares of the conglomerate’s stock valued at $3,577,992,000 after buying an additional 1,313,465 shares in the last quarter. Franklin Resources Inc. boosted its stake in Honeywell International by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 6,563,245 shares of the conglomerate’s stock valued at $760,354,000 after buying an additional 337,250 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in Honeywell International by 59.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate’s stock valued at $583,698,000 after buying an additional 1,885,005 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Honeywell International during the fourth quarter valued at approximately $258,049,000. Finally, Mairs & Power INC boosted its stake in Honeywell International by 1.3% in the third quarter. Mairs & Power INC now owns 2,204,336 shares of the conglomerate’s stock valued at $257,004,000 after buying an additional 28,487 shares in the last quarter. 76.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (HON) opened at 134.03 on Friday. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $135.00. The firm’s 50-day moving average is $130.48 and its 200-day moving average is $122.70. The company has a market capitalization of $102.18 billion, a price-to-earnings ratio of 21.11 and a beta of 0.94.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.04. The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. Analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.66 dividend on an annualized basis and a yield of 1.98%. Honeywell International’s dividend payout ratio is presently 43.39%.

HON has been the subject of several research analyst reports. Jefferies Group LLC raised their target price on shares of Honeywell International from $133.00 to $141.00 and gave the stock a “positive” rating in a research report on Tuesday, February 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of Honeywell International in a research report on Tuesday, April 11th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $115.00 target price on shares of Honeywell International in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Tuesday, March 14th. Finally, Barclays PLC raised their target price on shares of Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $134.05.

In other Honeywell International news, SVP Mark R. James sold 116,441 shares of the business’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total value of $15,192,057.27. Following the completion of the transaction, the senior vice president now directly owns 240,826 shares in the company, valued at $31,420,568.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the completion of the transaction, the vice president now owns 3,141 shares of the company’s stock, valued at $414,235.08. The disclosure for this sale can be found here. Insiders sold 1,253,667 shares of company stock valued at $164,049,416 over the last quarter. 1.83% of the stock is currently owned by corporate insiders.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HON”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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