Aristotle Atlantic Partners LLC raised its stake in Honeywell International Inc. (NYSE:HON) by 82.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,973 shares of the conglomerate’s stock after buying an additional 2,704 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Honeywell International were worth $860,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of HON. CX Institutional purchased a new position in Honeywell International in the second quarter valued at about $100,000. Well Done LLC purchased a new position in Honeywell International in the first quarter valued at about $103,000. Jolley Asset Management LLC purchased a new position in Honeywell International in the second quarter valued at about $104,000. Bruderman Asset Management LLC purchased a new position in Honeywell International in the first quarter valued at about $114,000. Finally, Fort L.P. purchased a new position in Honeywell International in the second quarter valued at about $118,000. 74.64% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. reissued a “positive” rating on shares of Honeywell International in a research note on Thursday, September 6th. UBS Group raised their price objective on shares of Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Barclays raised their price objective on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Cowen reissued a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a research note on Friday, August 24th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $172.94.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction on Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
Shares of NYSE HON opened at $165.11 on Friday. Honeywell International Inc. has a 1 year low of $137.18 and a 1 year high of $166.01. The company has a market cap of $121.71 billion, a P/E ratio of 23.22, a PEG ratio of 1.90 and a beta of 1.01. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The firm had revenue of $10.92 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the business earned $1.80 earnings per share. Honeywell International’s revenue was up 8.3% compared to the same quarter last year. sell-side analysts anticipate that Honeywell International Inc. will post 8.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.80%. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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