Cincinnati Casualty Co. maintained its stake in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,000 shares of the conglomerate’s stock at the end of the second quarter. Honeywell International comprises 5.9% of Cincinnati Casualty Co.’s investment portfolio, making the stock its 7th largest holding. Cincinnati Casualty Co.’s holdings in Honeywell International were worth $6,665,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Hanson McClain Inc. increased its position in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the period. Burt Wealth Advisors increased its position in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the period. Guidant Wealth Advisors increased its position in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Mosaic Family Wealth LLC increased its position in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the period. Finally, Jolley Asset Management LLC increased its position in Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at $144.97 on Monday. The company has a market capitalization of $110,441.45, a P/E ratio of 20.86, a PEG ratio of 2.22 and a beta of 0.97. 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 Inc. has a 52 week low of $108.01 and a 52 week high of $147.00.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. research analysts expect that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 2.06%. Honeywell International’s payout ratio is 40.30%.
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In other news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.56% of the stock is owned by insiders.
Several brokerages recently issued reports on HON. Credit Suisse Group restated a “neutral” rating and issued a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Royal Bank Of Canada boosted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Cowen and Company restated a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a research report on Thursday, October 19th. Finally, Argus boosted their price target on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $150.79.
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.
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