Tokio Marine Asset Management Co. Ltd. grew its holdings in Honeywell International Inc. (NYSE:HON) by 0.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 89,730 shares of the conglomerate’s stock after acquiring an additional 222 shares during the quarter. Honeywell International comprises 2.7% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 10th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Honeywell International were worth $15,666,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC raised its holdings in Honeywell International by 0.5% during the second quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock worth $2,014,000 after purchasing an additional 60 shares during the last quarter. Claro Advisors LLC raised its holdings in Honeywell International by 0.8% during the second quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock worth $1,361,000 after purchasing an additional 60 shares during the last quarter. Searle & CO. raised its holdings in Honeywell International by 0.3% during the first quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock worth $3,122,000 after purchasing an additional 62 shares during the last quarter. Nwam LLC raised its holdings in Honeywell International by 1.5% during the second quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock worth $786,000 after purchasing an additional 65 shares during the last quarter. Finally, Northstar Capital Management LLC raised its holdings in Honeywell International by 0.3% during the second quarter. Northstar Capital Management LLC now owns 24,033 shares of the conglomerate’s stock worth $4,196,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 76.90% of the company’s stock.
Several brokerages recently issued reports on HON. Barclays lifted their price objective on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank lifted their price objective on Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Jefferies Financial Group lifted their price objective on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Cowen reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Honeywell International in a research report on Friday. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $184.08.
In related news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.
Honeywell International stock traded down $6.18 during midday trading on Monday, reaching $161.83. The stock had a trading volume of 1,999,117 shares, compared to its average volume of 2,244,182. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The stock has a market capitalization of $120.88 billion, a PE ratio of 20.20, a PEG ratio of 2.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm has a 50-day moving average price of $174.36.
Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter last year, the firm earned $2.12 earnings per share. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is currently 40.95%.
Honeywell International Profile
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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