Carroll Financial Associates Inc. cut its holdings in shares of Honeywell International Inc. (NYSE:HON) by 35.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,031 shares of the conglomerate’s stock after selling 1,658 shares during the period. Carroll Financial Associates Inc.’s holdings in Honeywell International were worth $504,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bush Odonnell Investment Advisors Inc. bought a new position in shares of Honeywell International during the third quarter valued at approximately $1,629,000. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Honeywell International by 0.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 141,294 shares of the conglomerate’s stock valued at $23,511,000 after purchasing an additional 1,085 shares in the last quarter. TCW Group Inc. bought a new position in shares of Honeywell International during the third quarter valued at approximately $1,771,000. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Honeywell International by 189.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,669 shares of the conglomerate’s stock valued at $444,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Honeywell International by 1.6% during the third quarter. Farmers & Merchants Investments Inc. now owns 75,314 shares of the conglomerate’s stock valued at $12,532,000 after purchasing an additional 1,164 shares in the last quarter. Hedge funds and other institutional investors own 75.05% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 25th. Finally, MED assumed coverage on shares of Honeywell International in a research note on Thursday, July 12th. They issued a “buy” rating and a $166.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $172.90.
Shares of HON opened at $144.45 on Friday. The company has a market capitalization of $105.83 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.83 and a beta of 1.00. Honeywell International Inc. has a twelve month low of $139.30 and a twelve month high of $167.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.04. The business had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.75 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.
About Honeywell International
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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