Cullen Frost Bankers Inc. decreased its stake in Honeywell International Inc. (NYSE:HON) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,590 shares of the conglomerate’s stock after selling 2,138 shares during the period. Cullen Frost Bankers Inc.’s holdings in Honeywell International were worth $7,375,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Lenox Wealth Advisors LLC raised its stake in Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Honeywell International during the second quarter valued at approximately $25,000. Transamerica Financial Advisors Inc. raised its stake in Honeywell International by 2,371.4% during the second quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock valued at $31,000 after buying an additional 166 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new stake in Honeywell International during the second quarter valued at approximately $31,000. Finally, Investors Research Corp raised its stake in Honeywell International by 678.3% during the third quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock valued at $30,000 after buying an additional 156 shares in the last quarter. 76.46% of the stock is owned by institutional investors.
NYSE HON traded down $0.09 on Thursday, reaching $180.72. 492,291 shares of the stock traded hands, compared to its average volume of 2,689,910. The firm’s fifty day simple moving average is $168.03 and its 200 day simple moving average is $169.43. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The company has a market cap of $128.62 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 2.40 and a beta of 1.10. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $181.83.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.07. The firm had revenue of $9.09 billion during the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period last year, the company posted $2.03 EPS. As a group, equities research analysts forecast that Honeywell International Inc. will post 8.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.90 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
Several analysts have issued reports on HON shares. Jefferies Financial Group upped their price objective on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley upped their price objective on Honeywell International from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays upped their price objective on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Cowen set a $180.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $185.80.
In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the transaction, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,133 shares of company stock valued at $4,141,655. 0.73% of the stock is currently owned by corporate insiders.
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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