Nissay Asset Management Corp Japan ADV grew its position in Honeywell International Inc. (NYSE:HON) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 141,294 shares of the conglomerate’s stock after purchasing an additional 1,085 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Honeywell International were worth $23,511,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Principal Financial Group Inc. raised its holdings in Honeywell International by 10.6% in the first quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock worth $290,840,000 after purchasing an additional 192,133 shares during the period. Cardinal Capital Management Inc. raised its holdings in shares of Honeywell International by 4.4% during the second quarter. Cardinal Capital Management Inc. now owns 114,031 shares of the conglomerate’s stock worth $16,426,000 after acquiring an additional 4,793 shares during the period. American National Bank acquired a new stake in shares of Honeywell International during the second quarter worth $583,000. Verde Servicos Internacionais S.A. acquired a new stake in shares of Honeywell International during the second quarter worth $4,671,000. Finally, Gulf International Bank UK Ltd raised its holdings in shares of Honeywell International by 6.1% during the second quarter. Gulf International Bank UK Ltd now owns 241,983 shares of the conglomerate’s stock worth $34,857,000 after acquiring an additional 14,008 shares during the period. Institutional investors own 75.05% of the company’s stock.
Shares of HON stock opened at $144.45 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. Honeywell International Inc. has a 1 year low of $139.30 and a 1 year high of $167.72. The firm has a market capitalization of $105.83 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the business earned $1.75 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Research analysts expect that Honeywell International Inc. will post 7.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.82 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, November 15th. Honeywell International’s payout ratio is presently 41.91%.
A number of equities research analysts recently commented on HON shares. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Tuesday. Gordon Haskett started coverage on shares of Honeywell International in a report on Friday, October 12th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Deutsche Bank set a $166.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, 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 report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $172.90.
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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