Suntrust Banks Inc. raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 333,821 shares of the conglomerate’s stock after purchasing an additional 8,811 shares during the period. Suntrust Banks Inc.’s holdings in Honeywell International were worth $44,492,000 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. Ameriprise Financial Inc. increased its stake in Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after purchasing an additional 2,114,627 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after purchasing an additional 1,791,394 shares in the last quarter. Vanguard Group Inc. increased its holdings in Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after purchasing an additional 1,234,672 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.
A number of equities research analysts have weighed in on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Thursday, September 21st. Deutsche Bank reiterated a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. Royal Bank Of Canada lifted their target price on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Citigroup lifted their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Finally, Vertical Research restated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus target price of $151.92.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The business also recently disclosed 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. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.94%. Honeywell International’s dividend payout ratio is 45.15%.
In related news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
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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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