Intl Fcstone Inc. acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,386 shares of the conglomerate’s stock, valued at approximately $242,000.
Several other institutional investors have also added to or reduced their stakes in HON. Geode Capital Management LLC boosted its position in Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares during the last quarter. Northern Trust Corp boosted its position in Honeywell International by 2.9% in the fourth quarter. Northern Trust Corp now owns 8,702,224 shares of the conglomerate’s stock worth $1,149,738,000 after purchasing an additional 241,715 shares during the last quarter. Clearbridge Investments LLC boosted its position in Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after purchasing an additional 544,684 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Honeywell International by 5.6% during the 4th quarter. Legal & General Group Plc now owns 3,586,190 shares of the conglomerate’s stock valued at $473,778,000 after buying an additional 191,120 shares in the last quarter. Finally, Thoroughbred Financial Services LLC lifted its position in shares of Honeywell International by 18,092.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after buying an additional 2,539,617 shares in the last quarter. 75.69% of the stock is currently owned by institutional investors.
HON traded down $0.52 on Friday, hitting $173.25. 46,230 shares of the company’s stock traded hands, compared to its average volume of 2,119,387. The firm has a 50 day simple moving average of $174.29. The company has a market capitalization of $125.17 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.
Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. The company had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the company earned $2.12 EPS. Equities analysts predict that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.89%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on the company. Deutsche Bank lifted their price objective on Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada set a $311.00 price objective on UnitedHealth Group and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Barclays set a $89.00 price objective on Franco Nevada and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group set a $130.00 price objective on American Express and gave the company a “hold” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued 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 price target of $183.15.
Honeywell International Company 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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