Riverhead Capital Management LLC increased its stake in Honeywell International Inc. (NYSE:HON) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,179 shares of the conglomerate’s stock after purchasing an additional 1,305 shares during the quarter. Riverhead Capital Management LLC’s holdings in Honeywell International were worth $3,191,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in HON. American Century Companies Inc. grew its position in shares of Honeywell International by 76.2% in the third quarter. American Century Companies Inc. now owns 1,559,164 shares of the conglomerate’s stock valued at $259,445,000 after purchasing an additional 674,377 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in Honeywell International during the second quarter worth about $91,840,000. Bank of Montreal Can grew its position in Honeywell International by 79.6% during the third quarter. Bank of Montreal Can now owns 1,296,521 shares of the conglomerate’s stock worth $213,439,000 after buying an additional 574,501 shares in the last quarter. Panagora Asset Management Inc. grew its position in Honeywell International by 70.6% during the third quarter. Panagora Asset Management Inc. now owns 1,221,154 shares of the conglomerate’s stock worth $203,200,000 after buying an additional 505,227 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in Honeywell International by 1,011.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 518,603 shares of the conglomerate’s stock worth $86,296,000 after buying an additional 471,934 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.
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 completion of the sale, the director now owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total value of $1,944,742.00. Following the completion of the sale, the director now directly owns 13,607 shares of the company’s stock, valued at approximately $1,974,783.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,644 shares of company stock valued at $6,597,099. Corporate insiders own 1.33% of the company’s stock.
Shares of HON stock opened at $138.71 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20. Honeywell International Inc. has a 12-month low of $137.14 and a 12-month high of $167.72. The stock has a market cap of $104.80 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.81 and a beta of 1.04.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The firm had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 16th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.36%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is 46.13%.
Several research firms recently commented on HON. Credit Suisse Group reduced their target price on Honeywell International from $165.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, October 30th. Citigroup set a $186.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. 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 upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, restated an “outperform” rating and set a $177.00 target price (down from $184.00) on shares of Honeywell International in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $172.90.
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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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