Spectrum Management Group Inc. lessened its stake in shares of Honeywell International Inc. (NYSE:HON) by 23.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,880 shares of the conglomerate’s stock after selling 1,190 shares during the period. Spectrum Management Group Inc.’s holdings in Honeywell International were worth $517,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Honeywell International by 8.8% during the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after acquiring an additional 773,734 shares in the last quarter. Clearbridge Investments LLC raised its stake in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares in the last quarter. Legal & General Group Plc raised its stake in Honeywell International by 3.6% in the second quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock worth $490,685,000 after buying an additional 127,788 shares in the last quarter. Swiss National Bank raised its stake in Honeywell International by 3.0% in the second quarter. Swiss National Bank now owns 2,642,073 shares of the conglomerate’s stock worth $352,162,000 after buying an additional 76,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Honeywell International by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock worth $327,636,000 after buying an additional 114,309 shares in the last quarter. 76.24% of the stock is owned by hedge funds and other institutional investors.
HON has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, August 17th. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $150.79.
Shares of Honeywell International Inc. (HON) opened at $146.37 on Thursday. Honeywell International Inc. has a 1-year low of $111.78 and a 1-year high of $147.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market cap of $112,231.73, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. equities research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 40.30%.
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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