Vanguard Group Inc. raised its position in Honeywell International Inc. (NYSE:HON) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,675,101 shares of the company’s stock after buying an additional 1,587,804 shares during the period. Vanguard Group Inc. owned 5.87% of Honeywell International worth $5,196,607,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Capstone Asset Management Co. increased its stake in shares of Honeywell International by 5.8% in the second quarter. Capstone Asset Management Co. now owns 129,863 shares of the company’s stock worth $15,106,000 after buying an additional 7,168 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of Honeywell International by 7.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 145,296 shares of the company’s stock worth $16,901,000 after buying an additional 9,517 shares during the last quarter. National Pension Service increased its stake in shares of Honeywell International by 4.2% in the first quarter. National Pension Service now owns 383,695 shares of the company’s stock worth $42,993,000 after buying an additional 15,529 shares during the last quarter. LPL Financial LLC increased its stake in shares of Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock worth $46,510,000 after buying an additional 143,685 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Honeywell International by 31.6% in the first quarter. Panagora Asset Management Inc. now owns 317,482 shares of the company’s stock worth $35,574,000 after buying an additional 76,249 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.16% on Thursday, reaching $117.35. 275,830 shares of the company were exchanged. The firm has a market capitalization of $89.29 billion, a P/E ratio of 18.57 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $93.01 and a 12-month high of $120.02. The firm has a 50-day moving average of $115.67 and a 200 day moving average of $114.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. During the same quarter in the prior year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.
HON has been the subject of a number of recent analyst reports. Morgan Stanley reiterated a “buy” rating and set a $127.00 price target on shares of Honeywell International in a report on Tuesday, September 6th. Deutsche Bank AG reiterated a “buy” rating and set a $113.00 price target on shares of Honeywell International in a report on Thursday, August 25th. Argus increased their price target on Honeywell International from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 target price on shares of Honeywell International in a research note on Wednesday, July 6th. Finally, Stifel Nicolaus reduced their target price on Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.41.
In other news, SVP Katherine L. Adams sold 108,712 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the sale, the senior vice president now owns 224,530 shares in the company, valued at $26,074,668.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy O. Mahoney sold 600 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total transaction of $69,774.00. Following the sale, the insider now owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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