Contravisory Investment Management Inc. cut its position in Honeywell International Inc. (NYSE:HON) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,355 shares of the conglomerate’s stock after selling 1,698 shares during the quarter. Honeywell International comprises 2.0% of Contravisory Investment Management Inc.’s holdings, making the stock its 15th biggest position. Contravisory Investment Management Inc.’s holdings in Honeywell International were worth $5,550,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. CX Institutional bought a new stake in shares of Honeywell International during the 2nd quarter worth about $100,000. Jolley Asset Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth about $104,000. Fort L.P. bought a new stake in shares of Honeywell International during the 2nd quarter worth about $118,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of Honeywell International during the 1st quarter worth about $125,000. Finally, Kiley Juergens Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth about $125,000. Hedge funds and other institutional investors own 74.60% of the company’s stock.
A number of research firms have commented on HON. Credit Suisse Group began coverage on shares of Honeywell International in a research report on Friday. They set a “neutral” rating and a $170.00 price target on the stock. Gordon Haskett began coverage on shares of Honeywell International in a research report on Friday. They set a “buy” rating on the stock. Citigroup set a $194.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research report on Tuesday. HSBC downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research report on Tuesday, October 2nd. Finally, Deutsche Bank boosted their price target on shares of Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, September 28th. Three equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $174.79.
Shares of HON opened at $156.20 on Friday. The company has a market capitalization of $123.57 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International Inc. has a 12-month low of $139.51 and a 12-month high of $167.72.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The company had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, research analysts forecast that Honeywell International Inc. will post 8.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.10%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is currently 41.91%.
In other news, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the completion of the transaction, the insider now directly owns 16,131 shares in the company, valued at $2,568,861.75. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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