Westpac Banking Corp Has $35.56 Million Position in Honeywell International Inc. (HON)

Westpac Banking Corp increased its position in shares of Honeywell International Inc. (NYSE:HON) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,490 shares of the conglomerate’s stock after buying an additional 26,332 shares during the period. Westpac Banking Corp’s holdings in Honeywell International were worth $35,563,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Creative Planning raised its stake in Honeywell International by 3.9% in the first quarter. Creative Planning now owns 61,152 shares of the conglomerate’s stock valued at $7,636,000 after buying an additional 2,323 shares during the last quarter. FTB Advisors Inc. raised its stake in Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock valued at $272,000 after buying an additional 423 shares during the last quarter. Swiss National Bank raised its stake in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the last quarter. Integrated Wealth Management raised its stake in Honeywell International by 5.2% in the first quarter. Integrated Wealth Management now owns 4,054 shares of the conglomerate’s stock valued at $506,000 after buying an additional 201 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock valued at $172,401,000 after buying an additional 74,611 shares during the last quarter. 76.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (NYSE:HON) opened at 134.95 on Friday. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The firm has a market cap of $102.64 billion, a P/E ratio of 20.93 and a beta of 0.94. The firm has a 50-day moving average of $136.42 and a 200-day moving average of $130.09.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.

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Several research firms have commented on HON. HSBC Holdings plc assumed coverage on shares of Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target on the stock. Stifel Nicolaus increased their target price on shares of Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $148.00 target price on shares of Honeywell International in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reissued a “hold” rating and set a $122.00 target price on shares of Honeywell International in a research note on Friday, April 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $139.64.

In related news, SVP Katherine L. Adams sold 116,021 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the completion of the transaction, the senior vice president now owns 286,199 shares of the company’s stock, valued at $37,692,408.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the transaction, the vice president now directly owns 3,141 shares of the company’s stock, valued at approximately $414,235.08. The disclosure for this sale can be found here. Insiders have sold 469,799 shares of company stock valued at $64,094,877 in the last ninety days. 1.56% of the stock is currently owned by company insiders.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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