AXA reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 876,661 shares of the conglomerate’s stock after selling 14,612 shares during the period. AXA owned about 0.12% of Honeywell International worth $116,850,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in HON. Schulhoff & Co. Inc. grew its position in shares of Honeywell International by 1.8% in the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after buying an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Honeywell International by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after buying an additional 11,091 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Honeywell International by 331.4% in the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after buying an additional 10,413 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Honeywell International by 80.2% in the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after buying an additional 14,816 shares during the last quarter. Finally, Buckingham Capital Management Inc. grew its position in shares of Honeywell International by 3.1% in the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after buying an additional 766 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. 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 set a $171.00 price target on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank Of Canada increased their price target 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 set a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Finally, Citigroup increased their price target on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $151.92.
In other news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded down $0.71 on Tuesday, hitting $153.06. 2,582,452 shares of the stock were exchanged, compared to its average volume of 2,712,156. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. Honeywell International Inc. has a 1-year low of $112.66 and a 1-year high of $156.70. The stock has a market cap of $117,010.00, a P/E ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period last year, the firm posted $1.60 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. equities analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently announced 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 is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
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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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