Canandaigua National Bank & Trust Co. lifted its stake in Honeywell International Inc. (NYSE:HON) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,102 shares of the conglomerate’s stock after purchasing an additional 2,052 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Honeywell International were worth $3,678,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Morse Asset Management Inc boosted its position in shares of Honeywell International by 4.1% in 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 last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Honeywell International by 4.7% in 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 last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Honeywell International by 7,972.1% in 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 last quarter. Perigon Wealth Management LLC boosted its position in shares of Honeywell International by 62.8% in 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 last quarter. Finally, New England Asset Management Inc. boosted its position 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 worth $470,000 after purchasing an additional 2,685 shares during the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.
Several research firms have recently issued reports on HON. Morgan Stanley began coverage on Honeywell International in a research report on Monday, August 20th. They issued an “overweight” rating and a $175.00 price target on the stock. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Credit Suisse Group reduced their price target on Honeywell International from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 23rd. Barclays raised their price target on Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Finally, $1 reiterated an “outperform” rating and set a $177.00 target price (down from $184.00) on shares of Honeywell International in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $172.90.
HON stock opened at $150.32 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The stock has a market cap of $109.90 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $139.30 and a 1-year high of $167.72.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Analysts predict that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.82 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.
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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.
Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)
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