Honeywell International Inc. (HON) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd raised its holdings in Honeywell International Inc. (NYSE:HON) by 3.8% in the third quarter, Holdings Channel reports. The institutional investor owned 348,664 shares of the conglomerate’s stock after acquiring an additional 12,793 shares during the quarter. AMP Capital Investors Ltd’s holdings in Honeywell International were worth $57,656,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HON. Acadian Asset Management LLC acquired a new stake in Honeywell International in the second quarter worth $1,695,000. Lyell Wealth Management LP increased its position in shares of Honeywell International by 1.8% during the second quarter. Lyell Wealth Management LP now owns 29,584 shares of the conglomerate’s stock worth $4,262,000 after acquiring an additional 531 shares in the last quarter. First National Trust Co increased its position in shares of Honeywell International by 11.1% during the second quarter. First National Trust Co now owns 66,557 shares of the conglomerate’s stock worth $9,587,000 after acquiring an additional 6,657 shares in the last quarter. Starr International Co. Inc. bought a new stake in shares of Honeywell International during the second quarter worth $2,881,000. Finally, Taylor Cottrill Erickson & Associates Inc. increased its position in shares of Honeywell International by 27.2% during the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 2,972 shares of the conglomerate’s stock worth $428,000 after acquiring an additional 635 shares in the last quarter. Institutional investors own 70.87% of the company’s stock.

In related news, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $143.61, for a total value of $4,061,434.41. Following the completion of the transaction, the vice president now owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Davis sold 3,963 shares of Honeywell International stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the completion of the transaction, the director now directly owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,644 shares of company stock valued at $6,597,099. 1.33% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Monday, August 20th. They set an “overweight” rating and a $175.00 price objective for the company. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Credit Suisse Group lowered their price objective on shares of Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Barclays increased their price objective on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Finally, $1 reissued an “outperform” rating and set a $177.00 price objective (down previously from $184.00) on shares of Honeywell International in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $172.90.

Honeywell International stock opened at $146.75 on Friday. The firm has a market capitalization of $107.89 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $139.30 and a 1-year high of $167.72. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76.

Honeywell International (NYSE:HON) last released its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. On average, research analysts anticipate that Honeywell International Inc. will post 7.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.24%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is 46.13%.

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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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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