Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,998 shares of the conglomerate’s stock after purchasing an additional 5,361 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Honeywell International were worth $8,788,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hudock Capital Group LLC lifted its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after buying an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV lifted its stake in shares of Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 14 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in shares of Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after purchasing an additional 16 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in shares of Honeywell International by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after purchasing an additional 21 shares during the last quarter. Finally, Barrett Asset Management LLC lifted its stake in shares of Honeywell International by 0.9% during the 2nd quarter. Barrett Asset Management LLC now owns 2,522 shares of the conglomerate’s stock worth $336,000 after purchasing an additional 22 shares during the last quarter. 76.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE HON) traded up $1.88 during trading on Wednesday, reaching $150.38. The company had a trading volume of 2,960,330 shares, compared to its average volume of 3,620,000. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The stock has a market capitalization of $113,810.00, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Honeywell International Inc. has a 52-week low of $122.40 and a 52-week high of $165.13.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. equities analysts predict that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International announced that its Board of Directors has authorized a share buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International’s payout ratio is presently 69.63%.
Several research analysts recently issued reports on HON shares. Argus upped their target price on Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Cowen reissued a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a report on Thursday, October 19th. Deutsche Bank reissued a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Finally, Jefferies Group increased their price objective on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $163.93.
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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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