Buckingham Asset Management LLC increased its stake in Honeywell International Inc. (NYSE:HON) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,597 shares of the conglomerate’s stock after purchasing an additional 1,339 shares during the period. Buckingham Asset Management LLC’s holdings in Honeywell International were worth $1,597,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in HON. Principal Financial Group Inc. raised its stake in shares of Honeywell International by 10.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock valued at $290,840,000 after purchasing an additional 192,133 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $886,000. CX Institutional acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $100,000. Confluence Investment Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $368,000. Finally, Addenda Capital Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $14,698,000. Institutional investors own 71.42% of the company’s stock.
NYSE:HON 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 capitalization of $109.90 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.90 and a beta of 1.04. Honeywell International Inc. has a 52-week low of $139.30 and a 52-week high of $167.72.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the company posted $1.75 earnings per share. Honeywell International’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The firm 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. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.18%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.
HON has been the topic of several recent research reports. Citigroup set a $186.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Gordon Haskett initiated coverage on Honeywell International in a research note on Friday, October 12th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. UBS Group lifted their target price on Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Deutsche Bank lifted their target price on Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $172.90.
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Honeywell International Company 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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