Reilly Financial Advisors LLC lessened its position in Honeywell International Inc. (NYSE:HON) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,186 shares of the conglomerate’s stock after selling 420 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Honeywell International were worth $2,361,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Vanguard Capital Wealth Advisors purchased a new stake in Honeywell International in the 3rd quarter worth approximately $216,000. Stony Point Wealth Management Inc. increased its stake in shares of Honeywell International by 68.9% during the 3rd quarter. Stony Point Wealth Management Inc. now owns 3,973 shares of the conglomerate’s stock worth $661,000 after purchasing an additional 1,621 shares during the last quarter. American Financial Network Advisory Services LLC increased its stake in shares of Honeywell International by 9,624.0% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 2,431 shares of the conglomerate’s stock worth $405,000 after purchasing an additional 2,406 shares during the last quarter. Polaris Greystone Financial Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth $163,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth $22,842,000. Institutional investors and hedge funds own 74.75% of the company’s stock.
NYSE:HON opened at $153.47 on Friday. Honeywell International Inc. has a 1 year low of $139.51 and a 1 year high of $167.72. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $115.25 billion, a P/E ratio of 20.23, a PEG ratio of 1.80 and a beta of 1.00.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period last year, the business posted $1.75 EPS. Honeywell International’s revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Honeywell International Inc. will post 8.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be paid a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 2.14%. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.
Several research analysts have recently commented on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a research note on Monday, August 20th. They set an “overweight” rating and a $175.00 price target on the stock. Barclays increased their price target 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. HSBC lowered shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research note on Tuesday, July 31st. Finally, Cowen restated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research note on Friday, August 24th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average price target of $174.79.
In related news, insider Vimal Kapur sold 9,996 shares of the firm’s 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 directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 3,066 shares of the firm’s 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 $1,863,760.44. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
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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