Ancora Advisors LLC raised its position in Honeywell International Inc. (NYSE:HON) by 11.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 105,043 shares of the conglomerate’s stock after buying an additional 10,988 shares during the quarter. Ancora Advisors LLC’s holdings in Honeywell International were worth $17,479,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HON. American Century Companies Inc. increased its stake in Honeywell International by 76.2% in the 3rd quarter. American Century Companies Inc. now owns 1,559,164 shares of the conglomerate’s stock valued at $259,445,000 after buying an additional 674,377 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new position in Honeywell International in the 2nd quarter valued at $91,840,000. Bank of Montreal Can increased its stake in Honeywell International by 79.6% in the 3rd quarter. Bank of Montreal Can now owns 1,296,521 shares of the conglomerate’s stock valued at $213,439,000 after buying an additional 574,501 shares during the period. Panagora Asset Management Inc. increased its stake in Honeywell International by 70.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,221,154 shares of the conglomerate’s stock valued at $203,200,000 after buying an additional 505,227 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Honeywell International by 1,011.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 518,603 shares of the conglomerate’s stock valued at $86,296,000 after buying an additional 471,934 shares during the period. 70.87% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on HON shares. Citigroup set a $186.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Gordon Haskett started coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. UBS Group boosted their target price on shares of Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Deutsche Bank boosted their target price on shares of Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, September 28th. One investment 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 presently has a consensus rating of “Buy” and a consensus price target of $172.90.
Honeywell International stock opened at $146.75 on Monday. 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 quick ratio of 1.20 and a current ratio of 1.49. The stock has a market capitalization of $108.64 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the 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 business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 7.98 EPS for the current fiscal year.
The firm also recently disclosed 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 positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 2.24%. Honeywell International’s payout ratio is currently 46.13%.
In other Honeywell International news, Director D Scott Davis sold 3,963 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now directly owns 25,764 shares in the company, valued at approximately $3,841,670.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 28,281 shares of the company’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the completion of the transaction, the vice president now owns 91,829 shares in the company, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders sold a total of 45,644 shares of company stock worth $6,597,099 over the last quarter. Insiders own 1.33% of the company’s stock.
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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.
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