American Century Companies Inc. Grows Holdings in Honeywell International Inc. (HON)

American Century Companies Inc. grew its stake in Honeywell International Inc. (NYSE:HON) by 76.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559,164 shares of the conglomerate’s stock after buying an additional 674,377 shares during the period. American Century Companies Inc. owned approximately 0.21% of Honeywell International worth $259,445,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HON. Weatherly Asset Management L. P. boosted its stake in shares of Honeywell International by 3.9% in the 2nd quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after purchasing an additional 323 shares in the last quarter. Parthenon LLC boosted its stake in shares of Honeywell International by 16.0% in the 2nd quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock valued at $345,000 after purchasing an additional 330 shares in the last quarter. Bank of The Ozarks boosted its stake in shares of Honeywell International by 3.1% in the 2nd quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock valued at $1,603,000 after purchasing an additional 334 shares in the last quarter. Cardinal Capital Management Inc. boosted its stake in shares of Honeywell International by 0.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock valued at $19,031,000 after purchasing an additional 335 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Honeywell International by 40.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock valued at $172,000 after purchasing an additional 345 shares in the last quarter. 71.42% of the stock is owned by institutional investors and hedge funds.

NYSE:HON opened at $150.32 on Friday. Honeywell International Inc. has a 52 week low of $139.30 and a 52 week high of $167.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20. The firm has a market cap of $109.90 billion, a P/E ratio of 21.14, a PEG ratio of 1.90 and a beta of 1.04.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the prior year, the business posted $1.75 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post 7.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, November 15th. Honeywell International’s dividend payout ratio is currently 41.91%.

A number of equities research analysts have recently issued reports on HON shares. Citigroup upped their price objective on shares of Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. Barclays upped their price objective on shares of Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. UBS Group upped their price objective on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Cowen reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Honeywell International in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $172.90.

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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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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