Schroder Investment Management Group increased its position in shares of Honeywell International Inc. (NYSE:HON) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,015,117 shares of the conglomerate’s stock after acquiring an additional 7,453 shares during the quarter. Schroder Investment Management Group owned about 0.13% of Honeywell International worth $134,319,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC lifted its stake in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC lifted its stake in Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after buying an additional 1,791,394 shares during the period. Ameriprise Financial Inc. lifted its stake in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares during the period. American Century Companies Inc. lifted its stake in Honeywell International by 450.7% in the second quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock valued at $120,072,000 after buying an additional 737,262 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Honeywell International by 50.1% in the second quarter. Principal Financial Group Inc. now owns 1,667,361 shares of the conglomerate’s stock valued at $222,242,000 after buying an additional 556,556 shares during the period. 76.24% of the stock is currently owned by institutional investors and hedge funds.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,242 shares of company stock valued at $2,889,943. 1.56% of the stock is owned by corporate insiders.
Honeywell International Inc. (NYSE HON) opened at $146.49 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $111,599.45, a PE ratio of 21.08, a P/E/G ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a fifty-two week low of $111.78 and a fifty-two week high of $147.60.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
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HON has been the topic of several analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, August 17th. Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average target price of $150.79.
Honeywell International Profile
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.
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