Man Group plc lowered its stake in Honeywell International Inc. (NYSE:HON) by 64.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,022 shares of the conglomerate’s stock after selling 93,746 shares during the quarter. Man Group plc’s holdings in Honeywell International were worth $8,633,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Concentric Wealth Management LLC grew its position in Honeywell International by 9.6% during the second quarter. Concentric Wealth Management LLC now owns 1,425 shares of the conglomerate’s stock worth $249,000 after buying an additional 125 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of Honeywell International in the second quarter worth approximately $142,000. First Hawaiian Bank increased its position in shares of Honeywell International by 3.9% in the third quarter. First Hawaiian Bank now owns 17,533 shares of the conglomerate’s stock worth $2,967,000 after purchasing an additional 654 shares during the last quarter. Camarda Financial Advisors LLC raised its stake in Honeywell International by 35.9% in the second quarter. Camarda Financial Advisors LLC now owns 553 shares of the conglomerate’s stock valued at $97,000 after purchasing an additional 146 shares in the last quarter. Finally, Hochman Cole Investment Advisors Inc. lifted its position in Honeywell International by 6.2% during the second quarter. Hochman Cole Investment Advisors Inc. now owns 1,724 shares of the conglomerate’s stock valued at $301,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.
HON has been the subject of several research reports. Cowen set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, October 18th. Bank of America increased their price objective on Honeywell International from $185.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank boosted their target price on Honeywell International from $189.00 to $199.00 and gave the stock a “buy” rating in a research report on Wednesday. William Blair restated a “hold” rating on shares of Honeywell International in a report on Monday, November 25th. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 target price on the stock in a report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $188.45.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.07. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The company had revenue of $9.09 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period last year, the business earned $2.03 EPS. Honeywell International’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 8.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.90 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, November 14th. Honeywell International’s dividend payout ratio is currently 44.94%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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