Bbva Compass Bancshares Inc. decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,816 shares of the conglomerate’s stock after selling 1,016 shares during the quarter. Honeywell International makes up 0.8% of Bbva Compass Bancshares Inc.’s investment portfolio, making the stock its 26th biggest holding. Bbva Compass Bancshares Inc.’s holdings in Honeywell International were worth $14,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc increased its holdings in Honeywell International by 4.1% during the 3rd quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock worth $1,577,000 after purchasing an additional 375 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in Honeywell International by 4.7% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after purchasing an additional 6,316 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in Honeywell International by 7,972.1% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after purchasing an additional 22,561 shares during the period. Perigon Wealth Management LLC increased its holdings in Honeywell International by 62.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 13,558 shares of the conglomerate’s stock worth $1,953,000 after purchasing an additional 5,228 shares during the period. Finally, New England Asset Management Inc. increased its holdings in shares of Honeywell International by 467.0% in the 2nd quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock valued at $470,000 after acquiring an additional 2,685 shares during the last quarter. Institutional investors own 71.42% of the company’s stock.
A number of research firms have recently commented on HON. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Tuesday, July 31st. Barclays increased their price objective on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Citigroup increased their price objective on Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $172.90.
Shares of NYSE HON opened at $150.32 on Friday. The stock has a market capitalization of $109.90 billion, a P/E ratio of 21.14, a PEG ratio of 1.90 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76. Honeywell International Inc. has a 52-week low of $139.30 and a 52-week high of $167.72.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. As a group, research analysts forecast that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors 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 is a boost from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio is 41.91%.
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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