Hartford Investment Management Co. lowered its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,924 shares of the conglomerate’s stock after selling 3,832 shares during the period. Hartford Investment Management Co.’s holdings in Honeywell International were worth $15,215,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HON. Lenox Wealth Advisors LLC lifted its stake in shares of Honeywell International by 453.8% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 118 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Honeywell International in the 2nd quarter worth $25,000. Transamerica Financial Advisors Inc. lifted its stake in shares of Honeywell International by 2,371.4% in the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 166 shares during the period. Mcmillion Capital Management Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter worth $31,000. Finally, Investors Research Corp lifted its stake in shares of Honeywell International by 678.3% in the 3rd quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.
Several research firms have recently commented on HON. Citigroup raised their target price on shares of Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley raised their target price on shares of Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus price target of $185.80.
Shares of HON traded up $1.05 during trading hours on Monday, reaching $172.68. The company had a trading volume of 2,119,686 shares, compared to its average volume of 2,777,712. The firm has a 50 day simple moving average of $166.55 and a 200-day simple moving average of $168.66. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $122.51 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.29 and a beta of 1.10. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the firm posted $2.03 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 8.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of Honeywell International stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the transaction, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Darius Adamczyk sold 7,149 shares of Honeywell International stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the transaction, the chairman now directly owns 75,521 shares in the company, valued at $12,467,006.68. The disclosure for this sale can be found here. Insiders sold 25,133 shares of company stock worth $4,141,655 over the last three months. Corporate insiders own 0.73% of the company’s stock.
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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