Ifrah Financial Services Inc. lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,730 shares of the conglomerate’s stock after selling 91 shares during the period. Ifrah Financial Services Inc.’s holdings in Honeywell International were worth $631,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in HON. Nuveen Asset Management LLC grew its position 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 valued at $1,580,640,000 after buying an additional 8,968,947 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in Honeywell International by 18,092.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after purchasing an additional 2,539,617 shares during the last quarter. BlackRock Inc. grew its position in Honeywell International by 3.7% in the 2nd quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after purchasing an additional 1,623,768 shares during the last quarter. Janus Henderson Group PLC grew its position in Honeywell International by 131.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after purchasing an additional 1,610,006 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Honeywell International by 2,073.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 573,896 shares of the conglomerate’s stock worth $97,103,000 after purchasing an additional 547,493 shares during the last quarter. 76.46% of the stock is owned by institutional investors and hedge funds.
NYSE:HON traded up $1.55 on Friday, reaching $181.21. 1,636,830 shares of the stock traded hands, compared to its average volume of 2,742,230. The firm has a market capitalization of $129.10 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company’s 50 day moving average is $168.54 and its 200-day moving average is $169.54. 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 1-year low of $123.48 and a 1-year high of $181.99.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.90 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 1.99%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred 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 owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. In the last three months, insiders sold 25,133 shares of company stock valued at $4,141,655. 0.73% of the stock is currently owned by insiders.
HON has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Cowen set a $180.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, October 18th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price target on the stock in a research note on Monday, October 21st. Finally, Credit Suisse Group raised their target price on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $185.80.
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.
Further Reading: Fundamental Analysis
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