Great Lakes Advisors LLC grew its holdings in Honeywell International Inc. (NYSE:HON) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,336 shares of the conglomerate’s stock after purchasing an additional 3,314 shares during the period. Great Lakes Advisors LLC’s holdings in Honeywell International were worth $5,048,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Honeywell International by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,084,819 shares of the conglomerate’s stock worth $8,666,914,000 after purchasing an additional 456,410 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Honeywell International by 0.5% in the third quarter. Franklin Resources Inc. now owns 6,638,377 shares of the conglomerate’s stock worth $1,104,622,000 after acquiring an additional 32,372 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Honeywell International by 2.3% in the third quarter. Clearbridge Investments LLC now owns 6,249,508 shares of the conglomerate’s stock worth $1,039,918,000 after acquiring an additional 139,901 shares during the period. FMR LLC grew its holdings in shares of Honeywell International by 1.9% in the third quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock worth $969,984,000 after acquiring an additional 110,894 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Honeywell International by 0.6% in the third quarter. Legal & General Group Plc now owns 3,395,070 shares of the conglomerate’s stock worth $564,926,000 after acquiring an additional 18,858 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the company. HSBC lowered Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price objective for the company. in a report on Tuesday, October 2nd. Oppenheimer lifted their price objective on Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, September 26th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Deutsche Bank lifted their price objective on Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, September 28th. Finally, JPMorgan Chase & Co. reaffirmed a “positive” rating on shares of Honeywell International in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $172.90.
NYSE HON opened at $138.71 on Friday. The firm has a market cap of $104.80 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.81 and a beta of 1.04. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. Honeywell International Inc. has a fifty-two week low of $137.14 and a fifty-two week high of $167.72.
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 the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. On average, equities research analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 16th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.36%. Honeywell International’s payout ratio is 46.13%.
In related news, Director Jaime Chico /Fa Pardo sold 13,400 shares of Honeywell International stock in a transaction on 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 directly owns 13,607 shares in the company, valued at $1,974,783.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director D Scott Davis sold 3,963 shares of Honeywell International stock in a transaction on 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 owns 25,764 shares in the company, valued at $3,841,670.04. The disclosure for this sale can be found here. Insiders have sold 45,644 shares of company stock worth $6,597,099 over the last quarter. 1.33% of the stock is owned by company insiders.
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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