Whitnell & Co. increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 26.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,157 shares of the conglomerate’s stock after acquiring an additional 860 shares during the period. Whitnell & Co.’s holdings in Honeywell International were worth $703,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lenox Wealth Management Inc. grew its holdings in Honeywell International by 55.6% in the third quarter. Lenox Wealth Management Inc. now owns 532 shares of the conglomerate’s stock valued at $90,000 after purchasing an additional 190 shares during the last quarter. Principle Wealth Partners LLC grew its holdings in Honeywell International by 26.2% in the third quarter. Principle Wealth Partners LLC now owns 4,422 shares of the conglomerate’s stock valued at $748,000 after purchasing an additional 917 shares during the last quarter. Brasada Capital Management LP grew its holdings in Honeywell International by 1.4% in the third quarter. Brasada Capital Management LP now owns 9,446 shares of the conglomerate’s stock valued at $1,599,000 after purchasing an additional 132 shares during the last quarter. Private Ocean LLC grew its holdings in Honeywell International by 61.0% in the third quarter. Private Ocean LLC now owns 396 shares of the conglomerate’s stock valued at $68,000 after purchasing an additional 150 shares during the last quarter. Finally, Karp Capital Management Corp grew its holdings in Honeywell International by 2.3% in the third quarter. Karp Capital Management Corp now owns 15,036 shares of the conglomerate’s stock valued at $2,544,000 after purchasing an additional 340 shares during the last quarter. 76.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 28,920 shares in the company, valued at $4,739,409.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction dated 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 owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock worth $4,141,655 over the last quarter. 0.73% of the stock is currently owned by company insiders.
Several analysts have weighed in on the company. Citigroup upped their target price on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a report on Monday, September 9th. Cowen set a $180.00 price objective on Honeywell International and gave the company a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their price objective on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $185.80.
Shares of NYSE:HON traded up $1.55 on Friday, hitting $181.21. The company had a trading volume of 1,591,013 shares, compared to its average volume of 2,742,230. 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 52-week low of $123.48 and a 52-week high of $181.99. The business has a 50 day moving average of $168.54 and a 200 day moving average of $169.54. The company has a market cap of $129.10 billion, a PE ratio of 22.62, a PEG ratio of 2.41 and a beta of 1.10.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, equities analysts predict 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. Investors of record on Friday, November 15th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio is 40.95%.
Honeywell International Company 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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