Canada Pension Plan Investment Board lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 17.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 366,710 shares of the conglomerate’s stock after buying an additional 54,100 shares during the period. Canada Pension Plan Investment Board’s holdings in Honeywell International were worth $48,879,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Guidant Wealth Advisors raised its holdings in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares in the last quarter. Jolley Asset Management LLC raised its holdings in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares in the last quarter. CKW Financial Group acquired a new position in shares of Honeywell International during the 2nd quarter worth $108,000. Hanson McClain Inc. raised its holdings in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Finally, Enterprise Financial Services Corp raised its holdings in shares of Honeywell International by 48.4% during the 2nd quarter. Enterprise Financial Services Corp now owns 923 shares of the conglomerate’s stock worth $123,000 after buying an additional 301 shares in the last quarter. 75.77% of the stock is owned by institutional investors.
Shares of Honeywell International Inc. (HON) opened at 143.37 on Friday. The firm has a 50 day moving average price of $139.86 and a 200-day moving average price of $134.36. Honeywell International Inc. has a 52-week low of $107.41 and a 52-week high of $145.30. The company has a market cap of $109.04 billion, a price-to-earnings ratio of 22.23 and a beta of 0.95.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. Equities research analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is presently 41.24%.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the sale, the insider now owns 294,155 shares in the company, valued at approximately $40,616,922.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares in the company, valued at approximately $186,267.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,108 shares of company stock worth $48,886,463. Corporate insiders own 1.56% of the company’s stock.
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A number of equities analysts have recently commented on the company. Argus boosted their price target on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Wednesday. Cowen and Company reaffirmed a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a report on Tuesday. Citigroup Inc. upped their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a report on Thursday, September 28th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $149.52.
Honeywell International Company 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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