Bristol Gate Capital Partners Inc. cut its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,781 shares of the conglomerate’s stock after selling 6,286 shares during the quarter. Honeywell International comprises 4.6% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 10th biggest holding. Bristol Gate Capital Partners Inc.’s holdings in Honeywell International were worth $29,828,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of HON. Ameriprise Financial Inc. grew its holdings in Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares in the last quarter. Legal & General Group Plc grew its holdings in Honeywell International by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock valued at $490,685,000 after buying an additional 127,788 shares in the last quarter. Swiss National Bank grew its holdings in Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Honeywell International by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock valued at $327,636,000 after buying an additional 114,309 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Inc. (HON) traded up $0.31 during trading on Friday, reaching $145.75. The company’s stock had a trading volume of 2,908,100 shares, compared to its average volume of 2,708,909. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $110,799.50, a P/E ratio of 20.93, a PEG ratio of 2.23 and a beta of 0.97. Honeywell International Inc. has a 1 year low of $111.78 and a 1 year high of $147.51.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. equities research analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio is presently 40.30%.
A number of research firms have recently weighed in on HON. Oppenheimer Holdings, Inc. upped their target price on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and set a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Royal Bank of Canada set a $148.00 target price on Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and an average target price of $150.79.
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In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
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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