Smithbridge Asset Management Inc. DE lessened its position in Honeywell International Inc. (NYSE:HON) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,161 shares of the conglomerate’s stock after selling 1,135 shares during the quarter. Honeywell International makes up about 2.8% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 7th biggest position. Smithbridge Asset Management Inc. DE’s holdings in Honeywell International were worth $4,934,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HON. Vanguard Group Inc. boosted its stake in shares of Honeywell International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,098,206 shares of the conglomerate’s stock worth $9,445,005,000 after acquiring an additional 345,840 shares during the period. BlackRock Inc. boosted its stake in shares of Honeywell International by 3.7% during the 2nd quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after acquiring an additional 1,623,768 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Honeywell International by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,629,620 shares of the conglomerate’s stock worth $1,681,236,000 after acquiring an additional 81,005 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Honeywell International by 10,615.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock worth $1,580,640,000 after acquiring an additional 8,968,947 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Honeywell International by 1.1% during the 2nd quarter. Northern Trust Corp now owns 8,808,020 shares of the conglomerate’s stock worth $1,537,793,000 after acquiring an additional 94,489 shares during the period. 75.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:HON traded up $0.69 during trading on Tuesday, reaching $163.67. 179,265 shares of the company traded hands, compared to its average volume of 2,594,340. The company’s 50 day moving average is $165.33 and its two-hundred day moving average is $168.24. The firm has a market capitalization of $117.66 billion, a PE ratio of 20.43, a PEG ratio of 2.20 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $178.47.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter in the previous year, the firm earned $2.12 EPS. Honeywell International’s revenue was down 15.3% on a year-over-year basis. As a group, research analysts anticipate that Honeywell International Inc. will post 8.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is 40.95%.
In other news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the transaction, the chief executive officer now owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. Insiders have sold a total of 25,133 shares of company stock valued at $4,141,655 in the last three months. 0.73% of the stock is owned by insiders.
Several research analysts have recently commented on HON shares. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Citigroup boosted their price target on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley reduced their price target on Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $184.09.
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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