Epoch Investment Partners Inc. trimmed its stake in Honeywell International Inc. (NYSE:HON) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,849 shares of the conglomerate’s stock after selling 6,181 shares during the period. Epoch Investment Partners Inc.’s holdings in Honeywell International were worth $28,762,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Parthenon LLC increased its position in Honeywell International by 16.0% in the 2nd quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock worth $345,000 after buying an additional 330 shares during the period. Bank of The Ozarks increased its position in Honeywell International by 3.1% in the 2nd quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock worth $1,603,000 after buying an additional 334 shares during the period. Cardinal Capital Management Inc. increased its position in Honeywell International by 0.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock worth $19,031,000 after buying an additional 335 shares during the period. Bank OZK increased its position in Honeywell International by 3.1% in the 3rd quarter. Bank OZK now owns 11,469 shares of the conglomerate’s stock worth $1,908,000 after buying an additional 342 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in Honeywell International by 40.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after buying an additional 345 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of HON stock opened at $138.71 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $104.80 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.81 and a beta of 1.04. Honeywell International Inc. has a one year low of $137.14 and a one year high of $167.72.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The business 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%. Honeywell International’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 EPS. Research analysts expect that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 16th were paid a $0.82 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.36%. Honeywell International’s payout ratio is currently 46.13%.
A number of analysts have recently issued reports on the company. Citigroup set a $186.00 price objective on Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Gordon Haskett assumed coverage on Honeywell International in a research report on Friday, October 12th. They set a “buy” rating on the stock. Zacks Investment Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. UBS Group boosted their price objective 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 boosted their price objective 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 analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $172.90.
In related news, Director D Scott Davis sold 3,963 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the sale, the director now owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Krishna Mikkilineni sold 28,281 shares of the business’s stock in a transaction on 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 completion of the sale, the vice president now directly 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 ninety days, insiders sold 45,644 shares of company stock worth $6,597,099. 1.33% of the stock is owned by insiders.
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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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