Alerus Financial NA raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,623 shares of the conglomerate’s stock after buying an additional 1,503 shares during the quarter. Honeywell International comprises about 1.0% of Alerus Financial NA’s holdings, making the stock its 25th largest position. Alerus Financial NA’s holdings in Honeywell International were worth $7,093,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in Honeywell International by 1.9% during the third quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock worth $969,984,000 after purchasing an additional 110,894 shares during the last quarter. Swiss National Bank lifted its stake in Honeywell International by 7.1% during the second quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock worth $358,162,000 after purchasing an additional 164,400 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Honeywell International by 1.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,393,426 shares of the conglomerate’s stock worth $393,838,000 after purchasing an additional 29,782 shares during the last quarter. AGF Investments Inc. lifted its stake in Honeywell International by 9.7% during the second quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock worth $326,644,000 after purchasing an additional 201,003 shares during the last quarter. Finally, Investec Asset Management LTD lifted its stake in Honeywell International by 5.9% during the second quarter. Investec Asset Management LTD now owns 2,174,351 shares of the conglomerate’s stock worth $313,215,000 after purchasing an additional 120,784 shares during the last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.
In related news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the transaction, the director now owns 13,607 shares in the company, valued at approximately $1,974,783.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 28,281 shares of the business’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $143.61, for a total value of $4,061,434.41. Following the transaction, the vice president now owns 91,829 shares in the company, valued at approximately $13,187,562.69. The disclosure for this sale can be found here. In the last three months, insiders sold 45,644 shares of company stock valued at $6,597,099. 1.33% of the stock is currently owned by corporate insiders.
HON has been the subject of several research analyst reports. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Morgan Stanley initiated coverage on Honeywell International in a research note on Monday, August 20th. They set an “overweight” rating and a $175.00 price target for the company. Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research note on Friday, August 24th. Barclays lifted their price target on Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, UBS Group lifted their price target on Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $172.90.
NYSE HON opened at $145.74 on Friday. Honeywell International Inc. has a 1-year low of $139.30 and a 1-year 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 stock has a market capitalization of $105.78 billion, a PE ratio of 20.50, a P/E/G ratio of 1.83 and a beta of 1.04.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating 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 company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the previous year, the company posted $1.75 EPS. Honeywell International’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is 46.13%.
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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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