Employees Retirement System of Texas increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 196,500 shares of the conglomerate’s stock after acquiring an additional 4,700 shares during the period. Employees Retirement System of Texas’ holdings in Honeywell International were worth $26,191,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after acquiring an additional 1,234,672 shares during the period. BlackRock Inc. lifted its stake in Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after buying an additional 3,728,533 shares in the last quarter. FMR LLC lifted its stake in Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after buying an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after buying an additional 629,221 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
HON has been the topic of a number of research reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, August 17th. Deutsche Bank reaffirmed a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank Of Canada raised their price target on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Two 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 target price of $154.00.
Honeywell International Inc. (HON) traded up $0.38 on Monday, reaching $153.66. 1,482,400 shares of the company’s stock were exchanged, compared to its average volume of 2,704,930. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. Honeywell International Inc. has a twelve month low of $113.60 and a twelve month high of $156.70. The stock has a market cap of $117,061.69, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period last year, the company posted $1.60 EPS. The business’s revenue was up 3.2% on a year-over-year basis. sell-side analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.94%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date was Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
In other news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by 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.
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