Sumitomo Life Insurance Co. trimmed its position in Honeywell International Inc. (NYSE:HON) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,716 shares of the conglomerate’s stock after selling 1,444 shares during the period. Sumitomo Life Insurance Co.’s holdings in Honeywell International were worth $4,557,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of HON. Vanguard Group Inc. boosted its position in Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after acquiring an additional 207,142 shares during the last quarter. FMR LLC lifted its holdings in shares of Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after acquiring an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after acquiring an additional 629,221 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
In other news, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the transaction, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.
Honeywell International Inc. (NYSE:HON) traded down $1.13 during mid-day trading on Wednesday, reaching $150.37. 1,377,984 shares of the company’s stock traded hands, compared to its average volume of 3,388,357. Honeywell International Inc. has a 12-month low of $122.40 and a 12-month high of $165.13. The company has a market capitalization of $112,610.00, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.15 and a beta of 0.97. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. equities research analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International announced that its board has authorized a stock repurchase plan on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s payout ratio is 69.63%.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS Group began coverage on shares of Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Cowen reiterated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research note on Monday, January 22nd. Finally, Royal Bank of Canada raised their target price on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $165.67.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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