California Public Employees Retirement System increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,076,648 shares of the conglomerate’s stock after buying an additional 163,534 shares during the quarter. California Public Employees Retirement System owned 0.28% of Honeywell International worth $274,367,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in HON. Eagle Capital Management LLC lifted its position in Honeywell International by 1.9% in the 3rd quarter. Eagle Capital Management LLC now owns 21,247 shares of the conglomerate’s stock valued at $3,536,000 after purchasing an additional 406 shares during the last quarter. HC Financial Advisors Inc. lifted its position in Honeywell International by 7.3% in the 3rd quarter. HC Financial Advisors Inc. now owns 15,365 shares of the conglomerate’s stock valued at $2,557,000 after purchasing an additional 1,041 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Honeywell International by 56.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 97,740 shares of the conglomerate’s stock valued at $16,265,000 after purchasing an additional 35,123 shares during the last quarter. Destination Wealth Management lifted its position in Honeywell International by 22.2% in the 3rd quarter. Destination Wealth Management now owns 7,948 shares of the conglomerate’s stock valued at $1,323,000 after purchasing an additional 1,446 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its position in Honeywell International by 1.4% in the 3rd quarter. Segment Wealth Management LLC now owns 30,158 shares of the conglomerate’s stock valued at $5,018,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.
HON has been the topic of several recent research reports. Deutsche Bank lifted their price objective on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research reissued a “hold” rating on shares of Honeywell International in a research note on Monday, December 31st. CIBC reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price on the stock in a research note on Thursday, January 3rd. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus target price of $168.88.
Honeywell International stock opened at $155.35 on Friday. The stock has a market cap of $113.26 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $167.72.
Honeywell International (NYSE:HON) last released its earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. Honeywell International’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. As a group, research analysts forecast that Honeywell International Inc. will post 7.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were paid a $0.82 dividend. The ex-dividend date was Thursday, February 21st. This represents a $3.28 annualized dividend and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is currently 40.95%.
In other news, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the transaction, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the transaction, the insider now directly owns 305,505 shares in the company, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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