Franklin Resources Inc. decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,654,190 shares of the conglomerate’s stock after selling 10,300 shares during the period. Franklin Resources Inc. owned 0.87% of Honeywell International worth $886,925,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Eaton Vance Management raised its stake in Honeywell International by 3.8% in the 2nd quarter. Eaton Vance Management now owns 663,738 shares of the conglomerate’s stock worth $88,470,000 after purchasing an additional 24,146 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Honeywell International in the 2nd quarter worth about $739,000. Schroder Investment Management Group raised its stake in Honeywell International by 0.7% in the 2nd quarter. Schroder Investment Management Group now owns 1,015,117 shares of the conglomerate’s stock worth $134,319,000 after purchasing an additional 7,453 shares in the last quarter. WESPAC Advisors LLC raised its stake in Honeywell International by 53.1% in the 2nd quarter. WESPAC Advisors LLC now owns 16,934 shares of the conglomerate’s stock worth $2,257,000 after purchasing an additional 5,870 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new stake in Honeywell International in the 2nd quarter worth about $2,638,000. 76.04% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) traded down $0.71 during trading hours on Tuesday, hitting $153.06. 2,582,452 shares of the stock traded hands, compared to its average volume of 2,712,156. The firm has a market cap of $117,010.00, a PE ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99. Honeywell International Inc. has a one year low of $112.66 and a one year high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.
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, hitting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. sell-side analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The business 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 dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.95%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is currently 45.15%.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, 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 available at this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.
Several brokerages have weighed in on HON. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank Of Canada lifted their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Finally, Citigroup boosted their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $151.92.
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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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