Mckinley Capital Management LLC Delaware raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,664 shares of the conglomerate’s stock after acquiring an additional 1,462 shares during the period. Honeywell International makes up about 2.0% of Mckinley Capital Management LLC Delaware’s portfolio, making the stock its 17th biggest position. Mckinley Capital Management LLC Delaware’s holdings in Honeywell International were worth $27,757,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Oregon Public Employees Retirement Fund lifted its stake in shares of Honeywell International by 12,075.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after purchasing an additional 21,985,685 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Honeywell International in the 4th quarter valued at $260,607,000. Millennium Management LLC lifted its stake in shares of Honeywell International by 146.7% in the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock valued at $290,691,000 after purchasing an additional 1,308,339 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Honeywell International by 117.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock valued at $187,139,000 after purchasing an additional 766,200 shares during the period. Finally, Bahl & Gaynor Inc. lifted its stake in shares of Honeywell International by 51.3% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock valued at $217,023,000 after purchasing an additional 557,009 shares during the period. Institutional investors and hedge funds own 75.78% of the company’s stock.
In related news, CEO Vimal Kapur sold 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.
Several equities analysts recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research note on Monday, April 8th. Morgan Stanley boosted their target price on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Deutsche Bank boosted their target price on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $175.20.
Shares of NYSE HON opened at $173.19 on Friday. The firm has a market capitalization of $125.83 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.31 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. Honeywell International Inc. has a one year low of $123.48 and a one year high of $174.34.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, topping the consensus estimate of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The firm’s revenue was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. Equities research analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 23rd. Honeywell International’s payout ratio is presently 40.95%.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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