Swiss National Bank reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,376,873 shares of the conglomerate’s stock after selling 94,100 shares during the period. Swiss National Bank owned about 0.33% of Honeywell International worth $414,978,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of HON. Fishman Jay A Ltd. MI lifted its stake in Honeywell International by 3.8% in the fourth quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock valued at $5,079,000 after buying an additional 1,390 shares in the last quarter. Geode Capital Management LLC lifted its stake in Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after buying an additional 478,988 shares in the last quarter. Oak Grove Capital LLC lifted its stake in Honeywell International by 107.9% in the fourth quarter. Oak Grove Capital LLC now owns 5,299 shares of the conglomerate’s stock valued at $700,000 after buying an additional 2,750 shares in the last quarter. CI Investments Inc. lifted its stake in Honeywell International by 9.9% in the fourth quarter. CI Investments Inc. now owns 868,406 shares of the conglomerate’s stock valued at $114,733,000 after buying an additional 78,347 shares in the last quarter. Finally, All Terrain Financial Advisors LLC lifted its stake in Honeywell International by 11.8% in the fourth quarter. All Terrain Financial Advisors LLC now owns 21,745 shares of the conglomerate’s stock valued at $2,873,000 after buying an additional 2,291 shares in the last quarter. 77.29% of the stock is owned by hedge funds and other institutional investors.
Shares of HON stock traded up $2.76 during trading on Friday, reaching $165.03. The company’s stock had a trading volume of 46,128 shares, compared to its average volume of 2,570,860. The business has a fifty day moving average price of $172.19 and a 200-day moving average price of $164.87. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The company has a market cap of $117.58 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 8.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio is presently 40.95%.
In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
A number of research analysts have weighed in on the stock. Citigroup set a $197.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Cowen reaffirmed a “buy” rating and issued a $180.00 price target on shares of Honeywell International in a research note on Friday, August 2nd. Deutsche Bank lifted their price target on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Credit Suisse Group lifted their price target on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average price target of $184.08.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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