GRATRY & Co LLC acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,525 shares of the conglomerate’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Schulhoff & Co. Inc. lifted its position in Honeywell International by 1.8% during the second quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after purchasing an additional 203 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Honeywell International by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after purchasing an additional 11,091 shares during the period. Edgestream Partners L.P. lifted its position in Honeywell International by 331.4% during the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after purchasing an additional 10,413 shares during the period. Acadian Asset Management LLC lifted its position in Honeywell International by 80.2% during the second quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after purchasing an additional 14,816 shares during the period. Finally, Buckingham Capital Management Inc. lifted its position in Honeywell International by 3.1% during the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares during the period. 76.30% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, 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.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.75. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 earnings per share. sell-side analysts expect that Honeywell International Inc. will post 7.1 EPS for the current year.
Honeywell International declared that its board has authorized a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a $0.745 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is 45.15%.
A number of research firms recently issued reports on HON. Cowen restated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup boosted their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Royal Bank of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. Finally, Oppenheimer boosted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $159.79.
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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