Abacus Planning Group Inc. lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 45.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,516 shares of the conglomerate’s stock after purchasing an additional 1,100 shares during the quarter. Abacus Planning Group Inc.’s holdings in Honeywell International were worth $585,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of Honeywell International by 4.7% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after buying an additional 6,316 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Honeywell International by 7,972.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock valued at $889,000 after purchasing an additional 22,561 shares during the last quarter. Perigon Wealth Management LLC raised its position in Honeywell International by 62.8% in the second quarter. Perigon Wealth Management LLC now owns 13,558 shares of the conglomerate’s stock valued at $1,953,000 after purchasing an additional 5,228 shares during the last quarter. New England Asset Management Inc. raised its position in Honeywell International by 467.0% in the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock valued at $470,000 after purchasing an additional 2,685 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Honeywell International by 38.6% in the second quarter. Riverhead Capital Management LLC now owns 17,874 shares of the conglomerate’s stock valued at $2,575,000 after purchasing an additional 4,975 shares during the last quarter. 75.05% of the stock is currently owned by institutional investors.
Several equities analysts have commented on the company. Citigroup set a $186.00 target price on Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. JPMorgan Chase & Co. increased their target price on Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. Finally, MED assumed coverage on Honeywell International in a research report on Thursday, July 12th. They issued a “buy” rating and a $166.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $172.90.
Shares of HON stock opened at $145.48 on Friday. The stock has a market capitalization of $107.70 billion, a PE ratio of 18.30, a P/E/G ratio of 1.86 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.49 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.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 earnings per share. As a group, research analysts predict that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.25%. Honeywell International’s dividend payout ratio is presently 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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