MAI Capital Management lifted its stake in Honeywell International Inc. (NYSE:HON) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,963 shares of the conglomerate’s stock after buying an additional 364 shares during the period. MAI Capital Management’s holdings in Honeywell International were worth $12,141,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HON. CX Institutional purchased a new stake in shares of Honeywell International in the second quarter worth about $100,000. Jolley Asset Management LLC purchased a new stake in shares of Honeywell International in the second quarter worth about $104,000. Fort L.P. purchased a new stake in shares of Honeywell International in the second quarter worth about $118,000. McKinley Carter Wealth Services Inc. purchased a new stake in shares of Honeywell International in the first quarter worth about $125,000. Finally, Kiley Juergens Wealth Management LLC purchased a new stake in shares of Honeywell International in the second quarter worth about $125,000. 74.60% of the stock is owned by institutional investors.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the sale, the insider now owns 16,131 shares in the company, valued at $2,568,861.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the sale, the director now owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
Several equities research analysts have recently weighed in on HON shares. Morgan Stanley started coverage on Honeywell International in a research report on Monday, August 20th. They issued an “overweight” rating and a $175.00 target price for the company. Barclays increased their price target on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a report on Tuesday, July 31st. HSBC downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a report on Tuesday, October 2nd. Finally, Cowen reissued a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a report on Friday, August 24th. Three investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $174.79.
Shares of HON opened at $156.20 on Friday. The stock has a market capitalization of $123.57 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. Honeywell International Inc. has a one year low of $139.51 and a one year high of $167.72. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Honeywell International’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 8.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.10%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is presently 41.91%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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