Brown Advisory Inc. increased its position in shares of Honeywell International Inc. (NYSE:HON) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,863 shares of the conglomerate’s stock after purchasing an additional 7,241 shares during the quarter. Brown Advisory Inc.’s holdings in Honeywell International were worth $13,955,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its position in shares of Honeywell International by 1.9% during the 3rd quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock worth $969,984,000 after purchasing an additional 110,894 shares in the last quarter. Swiss National Bank increased its position in shares of Honeywell International by 7.1% during the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock worth $358,162,000 after purchasing an additional 164,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Honeywell International by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,393,426 shares of the conglomerate’s stock worth $393,838,000 after purchasing an additional 29,782 shares in the last quarter. AGF Investments Inc. increased its position in shares of Honeywell International by 9.7% during the 2nd quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock worth $326,644,000 after purchasing an additional 201,003 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Honeywell International by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,188,575 shares of the conglomerate’s stock worth $364,164,000 after purchasing an additional 28,981 shares in the last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.
A number of brokerages recently issued reports on HON. HSBC cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research report on Tuesday, October 2nd. Oppenheimer increased their target price on shares of Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 26th. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Deutsche Bank raised their price objective on shares of Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, September 28th. Finally, JPMorgan Chase & Co. restated a “positive” rating on shares of Honeywell International in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $172.90.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. As a group, equities research analysts forecast that Honeywell International Inc. will post 7.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is 46.13%.
In other news, Director D Scott Davis sold 3,963 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the completion of the transaction, the vice president now directly owns 91,829 shares in the company, valued at approximately $13,187,562.69. The disclosure for this sale can be found here. Insiders sold a total of 45,644 shares of company stock worth $6,597,099 in the last ninety days. Insiders own 1.33% of the company’s stock.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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