Sumitomo Life Insurance Co. trimmed its position in Honeywell International Inc. (NYSE:HON) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,716 shares of the conglomerate’s stock after selling 1,444 shares during the period. Sumitomo Life Insurance Co.’s holdings in Honeywell International were worth $4,557,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of HON. Vanguard Group Inc. boosted its position in Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after acquiring an additional 207,142 shares during the last quarter. FMR LLC lifted its holdings in shares of Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after acquiring an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after acquiring an additional 629,221 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS Group began coverage on shares of Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Cowen reaffirmed a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research report on Monday, January 22nd. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $165.67.
Honeywell International Inc. (NYSE:HON) traded down $1.13 during midday trading on Wednesday, hitting $150.37. 1,377,984 shares of the stock were exchanged, compared to its average volume of 3,388,357. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $112,610.00, a PE ratio of 35.16, a P/E/G ratio of 2.15 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. equities analysts forecast that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is 69.63%.
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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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