Guyasuta Investment Advisors Inc. lessened its position in Honeywell International Inc. (NYSE:HON) by 13.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,672 shares of the conglomerate’s stock after selling 1,300 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Honeywell International were worth $1,156,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in HON. Clearbridge Investments LLC grew its stake in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after acquiring an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC grew its stake in Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after acquiring an additional 1,791,394 shares during the period. Ameriprise Financial Inc. grew its stake in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after acquiring an additional 773,734 shares during the period. American Century Companies Inc. grew its stake in Honeywell International by 450.7% in the second quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock valued at $120,072,000 after acquiring an additional 737,262 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Honeywell International by 50.1% in the second quarter. Principal Financial Group Inc. now owns 1,667,361 shares of the conglomerate’s stock valued at $222,242,000 after acquiring an additional 556,556 shares during the period. 76.24% of the stock is owned by hedge funds and other institutional investors.
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Shares of Honeywell International Inc. (NYSE HON) opened at $146.37 on Thursday. The company has a market capitalization of $112,231.73, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.26 and a beta of 0.97. Honeywell International Inc. has a fifty-two week low of $111.78 and a fifty-two week high of $147.60. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share. analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 40.30%.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction 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 in the company, valued at $2,268,477.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,242 shares of company stock worth $2,889,943. Corporate insiders own 1.56% of the company’s stock.
A number of equities research analysts have commented on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, August 17th. Deutsche Bank AG reissued a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank Of Canada raised their price objective on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Oppenheimer Holdings, Inc. lifted 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. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $150.79.
About Honeywell International
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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