Gofen & Glossberg LLC IL increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 187,063 shares of the conglomerate’s stock after acquiring an additional 1,002 shares during the period. Honeywell International accounts for about 1.1% of Gofen & Glossberg LLC IL’s holdings, making the stock its 28th largest position. Gofen & Glossberg LLC IL’s holdings in Honeywell International were worth $31,127,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Trail Advisors LLC increased its holdings in shares of Honeywell International by 13,390.2% during the 1st quarter. Summit Trail Advisors LLC now owns 4,022,630 shares of the conglomerate’s stock valued at $4,023,000 after acquiring an additional 3,992,811 shares during the last quarter. Swiss National Bank increased its holdings in shares of Honeywell International by 7.1% during the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock valued at $358,162,000 after acquiring an additional 164,400 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Honeywell International by 10.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,363,644 shares of the conglomerate’s stock valued at $340,483,000 after acquiring an additional 230,252 shares during the last quarter. AGF Investments Inc. increased its holdings in shares of Honeywell International by 9.7% during the 2nd quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock valued at $326,644,000 after acquiring an additional 201,003 shares during the last quarter. Finally, Investec Asset Management LTD increased its holdings in shares of Honeywell International by 5.9% during the 2nd quarter. Investec Asset Management LTD now owns 2,174,351 shares of the conglomerate’s stock valued at $313,215,000 after acquiring an additional 120,784 shares during the last quarter. 74.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of HON stock opened at $156.20 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. Honeywell International Inc. has a 12 month low of $139.51 and a 12 month high of $167.72. The company has a market capitalization of $123.57 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.93 and a beta of 0.99.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The company had revenue of $10.92 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company earned $1.80 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 8.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the completion of the sale, the insider now owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the sale, the director now owns 11,787 shares of the company’s stock, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
A number of analysts have issued reports on the company. Morgan Stanley assumed coverage on Honeywell International in a report on Monday, August 20th. They issued an “overweight” rating and a $175.00 target price on the stock. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Barclays raised their target price on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. MED assumed coverage on Honeywell International in a report on Thursday, July 12th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $174.79.
About Honeywell International
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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