Pacer Advisors Inc. raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,782 shares of the conglomerate’s stock after purchasing an additional 1,363 shares during the period. Pacer Advisors Inc.’s holdings in Honeywell International were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in Honeywell International by 1.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,495,306 shares of the conglomerate’s stock valued at $199,309,000 after purchasing an additional 14,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Honeywell International by 16.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 168,866 shares of the conglomerate’s stock valued at $22,508,000 after purchasing an additional 24,355 shares during the period. Airain ltd acquired a new position in Honeywell International during the 2nd quarter valued at about $618,000. USS Investment Management Ltd acquired a new position in Honeywell International during the 2nd quarter valued at about $19,874,000. Finally, Andra AP fonden lifted its position in Honeywell International by 0.9% during the 2nd quarter. Andra AP fonden now owns 44,500 shares of the conglomerate’s stock valued at $5,931,000 after purchasing an additional 400 shares during the period. Institutional investors own 75.93% of the company’s stock.
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In other news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
HON has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a research note on Tuesday, October 10th. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Citigroup Inc. upped their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $150.79.
Honeywell International Inc. (NYSE HON) opened at $144.97 on Friday. The firm has a market cap of $110,441.48, a P/E ratio of 20.86, a PEG ratio of 2.22 and a beta of 0.97. Honeywell International Inc. has a 52 week low of $108.01 and a 52 week high of $147.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. equities research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 40.30%.
Honeywell International Company Profile
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.
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