First Trust Advisors LP grew its position in Honeywell International Inc. (NYSE:HON) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,541 shares of the conglomerate’s stock after buying an additional 98,496 shares during the quarter. First Trust Advisors LP owned 0.11% of Honeywell International worth $130,545,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Lenox Wealth Advisors LLC increased its position in Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Honeywell International in the second quarter valued at about $25,000. Investors Research Corp increased its holdings in shares of Honeywell International by 678.3% in the third quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 156 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Honeywell International in the second quarter valued at about $31,000. Finally, Transamerica Financial Advisors Inc. increased its holdings in shares of Honeywell International by 2,371.4% in the second quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 76.46% of the company’s stock.
A number of brokerages have recently weighed in on HON. JPMorgan Chase & Co. increased their price objective on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley increased their price target on Honeywell International from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Barclays increased their price target on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group increased their price target on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday, July 19th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $185.80.
In related news, CEO Rajeev Gautam sold 10,984 shares of Honeywell International stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the completion of the transaction, the chief executive officer now directly owns 28,920 shares in the company, valued at $4,739,409.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,133 shares of company stock valued at $4,141,655. Company insiders own 0.73% of the company’s stock.
Shares of HON traded up $1.55 during midday trading on Friday, hitting $181.21. 1,636,830 shares of the stock were exchanged, compared to its average volume of 2,742,230. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $181.99. The stock has a fifty day simple moving average of $168.29 and a 200 day simple moving average of $169.48. The firm has a market cap of $129.10 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $2.01 by $0.07. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business had revenue of $9.09 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period last year, the business posted $2.03 earnings per share. The company’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, equities research analysts forecast that Honeywell International Inc. will post 8.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.90 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, November 14th. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
Honeywell International Profile
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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