William Blair Investment Management LLC increased its stake in Honeywell International Inc. (NYSE:HON) by 37.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 392,186 shares of the conglomerate’s stock after acquiring an additional 105,939 shares during the period. William Blair Investment Management LLC owned about 0.05% of Honeywell International worth $52,274,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Honeywell International by 8.8% during the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the last quarter. Clearbridge Investments LLC raised its position in Honeywell International by 69.2% during the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the last quarter. Legal & General Group Plc raised its position in Honeywell International by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock valued at $490,685,000 after purchasing an additional 127,788 shares during the last quarter. Swiss National Bank raised its position in Honeywell International by 27.4% during the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Honeywell International by 4.9% during 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 purchasing an additional 114,309 shares during the last quarter. 75.99% of the stock is owned by institutional investors.
Honeywell International Inc. (NYSE HON) traded up $0.31 during trading on Friday, hitting $145.75. The company had a trading volume of 2,908,100 shares, compared to its average volume of 2,708,909. 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 stock has a market cap of $110,799.50, a P/E ratio of 20.93, a P/E/G ratio of 2.23 and a beta of 0.97. Honeywell International Inc. has a 52 week low of $111.78 and a 52 week high of $147.51.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 EPS. research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.04%. Honeywell International’s dividend payout ratio is 40.30%.
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In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Cowen and Company reaffirmed an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $150.79.
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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