Diamond Hill Capital Management Inc. lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,680 shares of the conglomerate’s stock after selling 16,263 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.12% of Honeywell International worth $145,547,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc grew its position in Honeywell International by 4.1% in the third quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock worth $1,577,000 after acquiring an additional 375 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Honeywell International by 4.7% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after acquiring an additional 6,316 shares in the last quarter. Synovus Financial Corp grew its position in Honeywell International by 1.9% in the third quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock worth $17,476,000 after acquiring an additional 1,933 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Honeywell International by 7,972.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after acquiring an additional 22,561 shares in the last quarter. Finally, New England Asset Management Inc. grew its position in Honeywell International by 467.0% in the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock worth $470,000 after acquiring an additional 2,685 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.
Several analysts have commented on HON shares. Gordon Haskett started coverage on shares of Honeywell International in a research report on Friday, October 12th. They issued a “buy” rating for the company. Morgan Stanley set a $170.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Monday, October 22nd. Credit Suisse Group decreased their target price on shares of Honeywell International from $165.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, October 30th. Oppenheimer boosted their target price on shares of Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 26th. Finally, Cowen reissued a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $172.90.
In related news, Director D Scott Davis sold 3,963 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the completion of 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 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 on 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 transaction, the vice president now owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock valued at $6,597,099 over the last 90 days. 1.33% of the stock is owned by corporate insiders.
Shares of Honeywell International stock opened at $146.75 on Monday. 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 1-year low of $139.30 and a 1-year high of $167.72. The firm has a market capitalization of $108.64 billion, a PE ratio of 18.46, a PEG ratio of 1.88 and a beta of 1.04.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the previous year, the company earned $1.75 earnings per share. Honeywell International’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current year.
The company also recently disclosed 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 2.24%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 15th. Honeywell International’s payout ratio is presently 46.13%.
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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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