Boston Family Office LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 25.3% during the 3rd quarter, Holdings Channel reports. The firm owned 7,677 shares of the conglomerate’s stock after selling 2,604 shares during the period. Boston Family Office LLC’s holdings in Honeywell International were worth $1,277,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CX Institutional acquired a new stake in shares of Honeywell International during the second quarter worth $100,000. Jolley Asset Management LLC acquired a new stake in shares of Honeywell International during the second quarter worth $104,000. Fort L.P. acquired a new stake in shares of Honeywell International during the second quarter worth $118,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Honeywell International during the second quarter worth $125,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Honeywell International by 267.6% during the second quarter. Qube Research & Technologies Ltd now owns 886 shares of the conglomerate’s stock worth $128,000 after buying an additional 645 shares during the period. 71.42% of the stock is currently owned by institutional investors and hedge funds.
NYSE HON opened at $148.45 on Wednesday. The firm has a market cap of $107.70 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $139.30 and a 1 year 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 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 6.13% and a return on equity of 33.69%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 7.98 EPS for the current fiscal year.
The company also recently disclosed 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. 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 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s payout ratio is presently 41.91%.
HON has been the subject of several research reports. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Gordon Haskett started coverage on shares of Honeywell International in a research note on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Deutsche Bank set a $166.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, UBS Group boosted their target price on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $172.90.
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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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