Dai Ichi Life Insurance Company Ltd lessened its position in shares of Honeywell International Inc. (NYSE:HON) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,376 shares of the conglomerate’s stock after selling 2,140 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Honeywell International were worth $17,378,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Ameriprise Financial Inc. increased its stake in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares in the last quarter. Alliancebernstein L.P. increased its stake in Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares in the last quarter. Clearbridge Investments LLC increased its stake in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares in the last quarter. Legal & General Group Plc increased its stake in Honeywell International by 3.6% in the second quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock valued at $490,685,000 after purchasing an additional 127,788 shares in the last quarter. Finally, Swiss National Bank increased its stake in Honeywell International by 3.0% in the second quarter. Swiss National Bank now owns 2,642,073 shares of the conglomerate’s stock valued at $352,162,000 after purchasing an additional 76,600 shares in the last quarter. 75.20% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (NYSE HON) opened at $148.99 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The firm has a market cap of $113,778.23, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. Honeywell International Inc. has a 52 week low of $112.17 and a 52 week high of $149.81.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. equities research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.00%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is presently 45.15%.
Several research firms have weighed in on HON. Cowen and Company reaffirmed an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $148.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Morgan Stanley lifted their price objective on shares of Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Finally, Argus lifted their price objective on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 12th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $150.79.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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