Virginia Retirement Systems ET AL lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 96.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,100 shares of the conglomerate’s stock after purchasing an additional 49,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Honeywell International were worth $14,330,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of HON. Hudock Capital Group LLC raised its position in Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after buying an additional 14 shares during the last quarter. Rowland & Co. Investment Counsel ADV grew its stake in Honeywell International by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares during the period. Jacobi Capital Management LLC grew its stake in Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares during the period. Oliver Luxxe Assets LLC grew its stake in Honeywell International by 0.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock valued at $622,000 after purchasing an additional 21 shares during the period. Finally, Barrett Asset Management LLC grew its stake in Honeywell International by 0.9% in the 2nd quarter. Barrett Asset Management LLC now owns 2,522 shares of the conglomerate’s stock valued at $336,000 after purchasing an additional 22 shares during the period. 76.08% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on HON shares. Royal Bank of Canada upped 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. 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. Bank of America increased their price target on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. UBS Group initiated coverage on Honeywell International in a research note on Monday, January 22nd. They set a “buy” rating for the company. Finally, Jefferies Group increased their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $163.93.
Honeywell International Inc. (HON) traded up $1.88 during trading hours on Wednesday, hitting $150.38. The company’s stock had a trading volume of 2,960,030 shares, compared to its average volume of 3,620,000. Honeywell International Inc. has a 1 year low of $122.40 and a 1 year high of $165.13. The stock has a market cap of $113,810.00, a PE ratio of 35.14, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for 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 company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. equities analysts expect that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.745 per share. 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 dividend payout ratio is 69.63%.
Honeywell International declared that its Board of Directors has authorized a share buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: “Virginia Retirement Systems ET AL Buys 49,700 Shares of Honeywell International Inc. (HON)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/14/virginia-retirement-systems-et-al-acquires-49700-shares-of-honeywell-international-inc-hon-2.html.
Honeywell International Company 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.
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.