Park Avenue Securities LLC purchased a new position in shares of Honeywell International Inc. (NYSE:HON) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 8,889 shares of the conglomerate’s stock, valued at approximately $1,435,000.
Several other large investors have also recently added to or reduced their stakes in HON. Oregon Public Employees Retirement Fund raised its stake in shares of Honeywell International by 12,075.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock worth $168,000 after buying an additional 21,985,685 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Honeywell International during the 4th quarter worth $260,607,000. Millennium Management LLC increased its position in Honeywell International by 146.7% during the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after purchasing an additional 1,308,339 shares in the last quarter. Two Sigma Advisers LP increased its position in Honeywell International by 117.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock worth $187,139,000 after purchasing an additional 766,200 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in Honeywell International by 51.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock worth $217,023,000 after purchasing an additional 557,009 shares in the last quarter. 75.78% of the stock is owned by institutional investors and hedge funds.
HON opened at $173.19 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01. The stock has a market capitalization of $125.83 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $174.34.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, beating the consensus estimate of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The firm’s revenue was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, May 23rd. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
HON has been the subject of a number of recent research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a research report on Monday, April 8th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank lifted their price objective on Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Credit Suisse Group lifted their price objective on Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley lifted their price objective on Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.20.
In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by insiders.
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Honeywell International Profile
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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