Tiaa Fsb acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 140,157 shares of the conglomerate’s stock, valued at approximately $18,682,000.
Other large investors have also added to or reduced their stakes in the company. Burt Wealth Advisors lifted its stake 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 in the last quarter. Mosaic Family Wealth LLC lifted its stake 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 in the last quarter. Guidant Wealth Advisors lifted its stake 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 in the last quarter. CKW Financial Group bought a new stake in Honeywell International in the 2nd quarter valued at approximately $108,000. Finally, Hanson McClain Inc. lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at $154.40 on Friday. Honeywell International Inc. has a 12 month low of $112.17 and a 12 month high of $156.70. The stock has a market capitalization of $117,625.47, a P/E ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. Honeywell International’s payout ratio is presently 45.15%.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.
Several equities research analysts have commented on the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank reiterated a “buy” rating and set a $171.00 price objective on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank Of Canada upped their price objective on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Credit Suisse Group reiterated a “neutral” rating and set a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Finally, Citigroup upped their price objective on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average price target of $151.92.
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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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