Rathbone Brothers plc grew its stake in Honeywell International Inc. (NYSE:HON) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,707 shares of the conglomerate’s stock after purchasing an additional 14,271 shares during the period. Rathbone Brothers plc’s holdings in Honeywell International were worth $15,426,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in HON. MAI Capital Management lifted its position in shares of Honeywell International by 0.5% during the 3rd quarter. MAI Capital Management now owns 72,963 shares of the conglomerate’s stock valued at $12,141,000 after buying an additional 364 shares in the last quarter. Wendell David Associates Inc. lifted its position in shares of Honeywell International by 11.8% during the 3rd quarter. Wendell David Associates Inc. now owns 23,410 shares of the conglomerate’s stock valued at $3,895,000 after buying an additional 2,470 shares in the last quarter. Grassi Investment Management lifted its position in shares of Honeywell International by 0.5% during the 3rd quarter. Grassi Investment Management now owns 69,914 shares of the conglomerate’s stock valued at $11,634,000 after buying an additional 351 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Honeywell International by 12.2% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 18,022 shares of the conglomerate’s stock valued at $2,999,000 after buying an additional 1,962 shares in the last quarter. Finally, Gradient Investments LLC lifted its position in shares of Honeywell International by 6.0% during the 3rd quarter. Gradient Investments LLC now owns 59,237 shares of the conglomerate’s stock valued at $9,857,000 after buying an additional 3,340 shares in the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the completion of the sale, the insider now directly owns 16,131 shares of the company’s stock, valued at approximately $2,568,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
A number of research analysts have recently issued reports on HON shares. Gordon Haskett started coverage on Honeywell International in a research report on Friday. They set a “buy” rating on the stock. Credit Suisse Group started coverage on Honeywell International in a research report on Friday. They set a “neutral” rating and a $170.00 target price on the stock. Oppenheimer increased their target price on Honeywell International from $172.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, September 26th. Cowen reiterated a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research report on Friday, August 24th. Finally, Barclays increased their target price on Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $174.79.
Shares of HON stock opened at $156.20 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. The firm has a market capitalization of $123.57 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.93 and a beta of 0.99. Honeywell International Inc. has a fifty-two week low of $139.51 and a fifty-two week high of $167.72.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.11. The company had revenue of $10.92 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 EPS. Sell-side analysts expect that Honeywell International Inc. will post 8.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.
About Honeywell International
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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