Zurich Insurance Group Ltd FI lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,833 shares of the conglomerate’s stock after buying an additional 17,177 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Honeywell International were worth $31,921,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Honeywell International by 11.6% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 12,190 shares of the conglomerate’s stock valued at $2,128,000 after buying an additional 1,263 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Honeywell International by 4,141.2% in the second quarter. Alberta Investment Management Corp now owns 144,200 shares of the conglomerate’s stock valued at $25,176,000 after buying an additional 140,800 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Honeywell International by 10.0% in the second quarter. AQR Capital Management LLC now owns 2,129,040 shares of the conglomerate’s stock valued at $371,176,000 after buying an additional 193,971 shares during the last quarter. Cahill Financial Advisors Inc. lifted its position in shares of Honeywell International by 5.6% in the second quarter. Cahill Financial Advisors Inc. now owns 6,754 shares of the conglomerate’s stock valued at $1,180,000 after buying an additional 361 shares during the last quarter. Finally, Capital Bank & Trust Co lifted its position in shares of Honeywell International by 161.0% in the second quarter. Capital Bank & Trust Co now owns 2,814 shares of the conglomerate’s stock valued at $491,000 after buying an additional 1,736 shares during the last quarter. 75.77% of the stock is owned by institutional investors.
HON has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Morgan Stanley increased their target price on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Barclays increased their target price on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Jefferies Financial Group increased their target price on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Citigroup increased their target price on Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $183.58.
In other Honeywell International news, 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 sale, the chief executive officer now owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The sale 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 the firm’s 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 sale, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,133 shares of company stock worth $4,141,655. Company insiders own 0.73% of the company’s stock.
Honeywell International stock traded up $1.79 during mid-day trading on Friday, reaching $168.56. 1,994,302 shares of the company were exchanged, compared to its average volume of 3,059,558. The company has a fifty day simple moving average of $165.56 and a 200-day simple moving average of $167.01. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm has a market cap of $119.77 billion, a PE ratio of 21.04, a PEG ratio of 2.22 and a beta of 1.10.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the company earned $2.12 EPS. The company’s revenue was down 15.3% on a year-over-year basis. Sell-side analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, August 15th. Honeywell International’s dividend payout ratio is presently 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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