Honeywell International Inc. (HON) Holdings Cut by Swiss National Bank

Swiss National Bank reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,666,273 shares of the conglomerate’s stock after selling 3,600 shares during the quarter. Swiss National Bank’s holdings in Honeywell International were worth $408,900,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 1,234,672 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Honeywell International by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after purchasing an additional 207,142 shares during the last quarter. FMR LLC grew its holdings in shares of Honeywell International by 9.3% during the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Honeywell International by 9.1% during the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

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Honeywell International Inc. (HON) opened at $150.20 on Tuesday. The stock has a market capitalization of $114,138.86, a PE ratio of 72.21, a P/E/G ratio of 2.14 and a beta of 0.98. Honeywell International Inc. has a 1-year low of $122.40 and a 1-year high of $165.13. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.

Honeywell International declared that its Board of Directors has initiated a share buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s dividend payout ratio is 143.27%.

In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’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 transaction, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linnet F. Deily sold 2,886 shares of the firm’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 transaction, 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. 1.33% of the stock is currently owned by company insiders.

Several brokerages have recently commented on HON. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Monday. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. UBS began coverage on Honeywell International in a report on Monday, January 22nd. They set a “buy” rating on the stock. TheStreet cut Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Finally, Cowen restated a “buy” rating and set a $168.00 target price on shares of Honeywell International in a report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $166.73.

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Honeywell International Company 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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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