Evercore Wealth Management LLC reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,737 shares of the conglomerate’s stock after selling 2,997 shares during the quarter. Evercore Wealth Management LLC’s holdings in Honeywell International were worth $3,451,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Honeywell International by 0.5% in the third quarter. Franklin Resources Inc. now owns 6,638,377 shares of the conglomerate’s stock valued at $1,104,622,000 after buying an additional 32,372 shares in the last quarter. FMR LLC boosted its stake in Honeywell International by 1.9% in the third quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock valued at $969,984,000 after buying an additional 110,894 shares in the last quarter. Swiss National Bank boosted its stake in Honeywell International by 7.1% in the second quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock valued at $358,162,000 after buying an additional 164,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Honeywell International by 1.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,393,426 shares of the conglomerate’s stock valued at $393,838,000 after buying an additional 29,782 shares in the last quarter. Finally, AGF Investments Inc. boosted its stake in Honeywell International by 9.7% in the second quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock valued at $326,644,000 after buying an additional 201,003 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.
In other news, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the completion of the transaction, the vice president now directly owns 91,829 shares in the company, valued at $13,187,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now owns 25,764 shares of the company’s stock, valued at $3,841,670.04. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock valued at $6,597,099 over the last quarter. Corporate insiders own 1.33% of the company’s stock.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.75 earnings per share. On average, research analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.32%. Honeywell International’s dividend payout ratio (DPR) is currently 46.13%.
HON has been the topic of several research analyst reports. Morgan Stanley initiated coverage on Honeywell International in a research note on Monday, August 20th. They issued an “overweight” rating and a $175.00 price objective on the stock. Cowen reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Honeywell International in a research note on Friday, August 24th. Barclays raised their price objective on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. UBS Group raised their price objective on Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, JPMorgan Chase & Co. reaffirmed a “positive” rating on shares of Honeywell International in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $172.90.
Honeywell International Profile
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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