Robeco Institutional Asset Management B.V. increased its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 101.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,594 shares of the conglomerate’s stock after acquiring an additional 18,447 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Honeywell International were worth $7,139,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after acquiring an additional 2,277,234 shares during the last quarter. Invesco Ltd. boosted its position in shares of Honeywell International by 11.0% during the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock valued at $1,287,408,000 after acquiring an additional 605,600 shares during the last quarter. Unisphere Establishment boosted its position in shares of Honeywell International by 5.4% during the 3rd quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock valued at $887,258,000 after acquiring an additional 215,000 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Honeywell International by 15,459.1% during the 4th quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock valued at $791,667,000 after acquiring an additional 4,031,879 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Honeywell International by 1.4% during the 3rd quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock valued at $851,880,000 after acquiring an additional 55,681 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on HON shares. Wells Fargo & Company boosted their price target on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Mizuho lowered their price target on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings cut shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Citigroup boosted their price target on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $251.83.
Insider Transactions at Honeywell International
In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock worth $4,244,287 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.
Honeywell International Trading Down 0.5%
NASDAQ HON opened at $232.19 on Thursday. The firm’s 50-day moving average is $235.12 and its two-hundred day moving average is $214.78. Honeywell International Inc. has a 12 month low of $181.25 and a 12 month high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a market capitalization of $147.13 billion, a P/E ratio of 29.06, a PEG ratio of 3.38 and a beta of 0.93.
Honeywell International (NASDAQ:HON – Get Free Report) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the company posted $2.47 earnings per share. Honeywell International’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. Honeywell International’s dividend payout ratio is presently 59.57%.
Honeywell International Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
See Also
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