First Merchants Corp lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,647 shares of the conglomerate’s stock after buying an additional 348 shares during the quarter. First Merchants Corp’s holdings in Honeywell International were worth $5,700,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in HON. Fishman Jay A Ltd. MI raised its stake in shares of Honeywell International by 3.8% in the fourth quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock valued at $5,079,000 after acquiring an additional 1,390 shares during the period. Geode Capital Management LLC increased its stake in Honeywell International by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after buying an additional 478,988 shares during the period. Semmax Financial Advisors Inc. purchased a new position in Honeywell International in the 4th quarter worth about $33,000. Foresters Investment Management Company Inc. increased its stake in Honeywell International by 1.1% in the 4th quarter. Foresters Investment Management Company Inc. now owns 284,437 shares of the conglomerate’s stock worth $37,580,000 after buying an additional 3,200 shares during the period. Finally, Polar Capital LLP increased its stake in Honeywell International by 30.4% in the 4th quarter. Polar Capital LLP now owns 55,940 shares of the conglomerate’s stock worth $7,391,000 after buying an additional 13,052 shares during the period. 76.90% of the stock is owned by institutional investors and hedge funds.
HON opened at $164.80 on Monday. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The stock has a market cap of $120.88 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.24 and a beta of 1.09. The stock’s 50 day simple moving average is $174.36.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. Honeywell International’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period last year, the firm posted $2.12 EPS. As a group, equities research analysts anticipate that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
Several research analysts recently commented on HON shares. Cowen reaffirmed a “buy” rating and issued a $180.00 price target on shares of Honeywell International in a research note on Friday. Citigroup set a $197.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Barclays raised their price target on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $184.08.
In other news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.
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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