Public Employees Retirement Association of Colorado decreased its holdings in Honeywell International Inc. (NYSE:HON) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,293,990 shares of the conglomerate’s stock after selling 66,762 shares during the period. Honeywell International makes up approximately 1.3% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 11th largest position. Public Employees Retirement Association of Colorado owned about 0.18% of Honeywell International worth $218,943,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Neville Rodie & Shaw Inc. raised its position in shares of Honeywell International by 3.9% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 62,618 shares of the conglomerate’s stock worth $10,932,000 after acquiring an additional 2,350 shares in the last quarter. Bath Savings Trust Co raised its position in shares of Honeywell International by 30.0% in the 2nd quarter. Bath Savings Trust Co now owns 20,574 shares of the conglomerate’s stock worth $3,592,000 after acquiring an additional 4,745 shares in the last quarter. Cox Capital Mgt LLC raised its position in shares of Honeywell International by 1.5% in the 2nd quarter. Cox Capital Mgt LLC now owns 12,174 shares of the conglomerate’s stock worth $2,125,000 after acquiring an additional 182 shares in the last quarter. Thomasville National Bank raised its position in shares of Honeywell International by 3.4% in the 2nd quarter. Thomasville National Bank now owns 6,263 shares of the conglomerate’s stock worth $1,093,000 after acquiring an additional 207 shares in the last quarter. Finally, Rockland Trust Co. raised its position in shares of Honeywell International by 10.5% in the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 76.46% of the company’s stock.
Several analysts recently weighed in on the company. Cowen set a $180.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Friday, October 18th. Zacks Investment Research upgraded Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price target on the stock in a research note on Monday, October 21st. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays upped their price target on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $185.80.
In other news, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rajeev Gautam sold 10,984 shares of the firm’s 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 owns 28,920 shares in the company, valued at $4,739,409.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,133 shares of company stock worth $4,141,655. Company insiders own 0.73% of the company’s stock.
HON traded up $1.55 during trading on Friday, hitting $181.21. 1,591,013 shares of the company’s stock traded hands, compared to its average volume of 2,742,230. The company’s 50 day simple moving average is $168.54 and its two-hundred day simple moving average is $169.54. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $181.99. The stock has a market capitalization of $129.10 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.41 and a beta of 1.10.
Honeywell International (NYSE:HON) last issued its earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.12 billion. During the same period last year, the business posted $2.03 EPS. The company’s revenue was down 15.6% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 8.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.99%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend 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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