Strategic Wealth Partners Ltd. raised its holdings in Honeywell International Inc. (NYSE:HON) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,483 shares of the conglomerate’s stock after purchasing an additional 789 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Honeywell International were worth $1,079,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Welch Group LLC acquired a new stake in shares of Honeywell International during the third quarter worth $108,000. Matthew Goff Investment Advisor LLC acquired a new stake in shares of Honeywell International during the third quarter worth $117,000. Fort L.P. acquired a new stake in shares of Honeywell International during the second quarter worth $118,000. Almanack Investment Partners LLC. acquired a new stake in shares of Honeywell International during the third quarter worth $126,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of Honeywell International by 267.6% during the second quarter. Qube Research & Technologies Ltd now owns 886 shares of the conglomerate’s stock worth $128,000 after purchasing an additional 645 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.
HON has been the subject of a number of analyst reports. Cowen reaffirmed a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a research note on Friday, August 24th. UBS Group lifted their price objective on Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research note 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 research note on Friday, September 28th. Finally, Gordon Haskett started coverage on Honeywell International in a report on Friday, October 12th. They set a “buy” rating on the stock. 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 has an average rating of “Buy” and an average price target of $172.90.
In other news, Director D Scott Davis sold 3,963 shares of the business’s stock in a transaction dated 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 directly owns 25,764 shares in the company, valued at $3,841,670.04. The sale was disclosed in a filing with the SEC, which is accessible 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 completion of the sale, 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. Over the last 90 days, insiders sold 45,644 shares of company stock worth $6,597,099. Corporate insiders own 1.33% of the company’s stock.
HON stock opened at $138.71 on Friday. The stock has a market cap of $104.80 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $137.14 and a 1-year 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.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The company 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%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 earnings per share. Analysts predict that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 16th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, November 15th. Honeywell International’s payout ratio is 46.13%.
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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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