The Manufacturers Life Insurance Company cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,105,819 shares of the conglomerate’s stock after selling 37,857 shares during the period. The Manufacturers Life Insurance Company owned about 0.28% of Honeywell International worth $280,685,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in HON. Hanson McClain Inc. increased its holdings in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Burt Wealth Advisors increased its holdings in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares during the period. Guidant Wealth Advisors increased its holdings in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares during the period. Mosaic Family Wealth LLC increased its holdings in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares during the period. Finally, CKW Financial Group acquired a new stake in Honeywell International in the second quarter valued at $108,000. Institutional investors own 76.04% of the company’s stock.
A number of analysts recently weighed in on HON shares. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley increased their price objective on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Jefferies Group restated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a report on Tuesday, August 22nd. Royal Bank of Canada set a $148.00 price objective on Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Finally, Deutsche Bank restated a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Honeywell International presently has an average rating of “Buy” and a consensus price target of $154.00.
Shares of Honeywell International Inc. (HON) traded down $0.45 during trading on Tuesday, reaching $153.21. The company’s stock had a trading volume of 3,623,600 shares, compared to its average volume of 2,708,790. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 52-week low of $113.60 and a 52-week high of $156.70. The firm has a market cap of $117,061.69, a P/E ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period last year, the business posted $1.60 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
Honeywell International announced that its Board of Directors has authorized a share buyback program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
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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