Meiji Yasuda Life Insurance Co reduced its stake in Honeywell International Inc. (NYSE:HON) by 22.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,990 shares of the conglomerate’s stock after selling 3,700 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Honeywell International were worth $1,731,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. World Asset Management Inc grew its stake in Honeywell International by 19.6% in the 1st quarter. World Asset Management Inc now owns 84,470 shares of the conglomerate’s stock valued at $10,548,000 after purchasing an additional 13,848 shares during the period. Morse Asset Management Inc purchased a new position in shares of Honeywell International during the 1st quarter valued at $693,000. Sand Hill Global Advisors LLC lifted its position in shares of Honeywell International by 2.0% during the 1st quarter. Sand Hill Global Advisors LLC now owns 31,103 shares of the conglomerate’s stock valued at $3,884,000 after buying an additional 601 shares during the last quarter. Locust Wood Capital Advisers LLC lifted its position in shares of Honeywell International by 54.2% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 288,563 shares of the conglomerate’s stock valued at $36,033,000 after buying an additional 101,390 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Honeywell International by 0.6% during the 1st quarter. TCI Wealth Advisors Inc. now owns 22,982 shares of the conglomerate’s stock valued at $2,870,000 after buying an additional 126 shares during the last quarter. 76.24% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE:HON) opened at $147.32 on Wednesday. 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 company has a market capitalization of $111,774.63, a PE ratio of 21.11, a PEG ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 1 year low of $111.78 and a 1 year high of $147.60.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the company earned $1.60 EPS. The company’s revenue was up 3.2% on a year-over-year basis. sell-side analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.02%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is presently 40.30%.
In related news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,242 shares of company stock worth $2,889,943. 1.56% of the stock is owned by corporate insiders.
A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Credit Suisse Group reaffirmed a “neutral” rating and set a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Citigroup Inc. increased their price objective on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Finally, Cowen and Company reissued a “buy” rating and set a $150.00 price objective on shares of Honeywell International in a report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $150.79.
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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