Cim LLC raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 5.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,859 shares of the conglomerate’s stock after purchasing an additional 100 shares during the quarter. Cim LLC’s holdings in Honeywell International were worth $246,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Honeywell International by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after buying an additional 456,410 shares in the last quarter. Vanguard Group Inc increased its position in shares of Honeywell International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after buying an additional 456,410 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Honeywell International by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,638,377 shares of the conglomerate’s stock valued at $1,104,622,000 after buying an additional 32,372 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Honeywell International by 2.3% in the 3rd quarter. Clearbridge Investments LLC now owns 6,249,508 shares of the conglomerate’s stock valued at $1,039,918,000 after buying an additional 139,901 shares in the last quarter. Finally, FMR LLC increased its position in shares of Honeywell International by 1.9% in the 3rd quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock valued at $969,984,000 after buying an additional 110,894 shares in the last quarter. Institutional investors own 71.06% of the company’s stock.
In other news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the completion of the transaction, the director now directly owns 13,607 shares in the company, valued at approximately $1,974,783.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Krishna Mikkilineni sold 28,281 shares of the stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the transaction, the vice president now owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,878 shares of company stock valued at $7,226,907. Company insiders own 1.33% of the company’s stock.
Shares of NYSE HON opened at $148.61 on Friday. The firm has a market capitalization of $109.67 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.06. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $167.72.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.03. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. Sell-side analysts expect that Honeywell International Inc. will post 7.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 21st. Honeywell International’s payout ratio is presently 40.95%.
A number of analysts recently commented on HON shares. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Deutsche Bank upped their price objective on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Gordon Haskett started coverage on shares of Honeywell International in a research report on Friday, October 12th. They issued a “buy” rating for the company. Zacks Investment Research cut shares of Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. Finally, Royal Bank of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective for the company in a research report on Thursday, January 3rd. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $168.88.
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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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