Investec Asset Management LTD cut its position in shares of Honeywell International Inc. (NYSE:HON) by 30.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 968,243 shares of the conglomerate’s stock after selling 423,179 shares during the period. Investec Asset Management LTD owned approximately 0.13% of Honeywell International worth $120,905,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after buying an additional 773,734 shares during the last quarter. Swiss National Bank increased its stake in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the last quarter. AGF Investments Inc. increased its stake in Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after buying an additional 105,943 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Honeywell International by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,041,996 shares of the conglomerate’s stock worth $254,984,000 after buying an additional 24,477 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in Honeywell International by 3.6% in the first quarter. TD Asset Management Inc. now owns 1,409,503 shares of the conglomerate’s stock worth $176,005,000 after buying an additional 49,417 shares during the last quarter. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.66% during trading on Friday, reaching $134.95. 2,977,551 shares of the company’s stock traded hands. The stock has a 50-day moving average of $136.42 and a 200-day moving average of $130.09. The company has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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A number of analysts have commented on HON shares. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday. Oppenheimer Holdings, Inc. raised their price target on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Credit Suisse Group restated a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $139.64.
In other news, SVP Katherine L. Adams sold 116,021 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $131.70, for a total value of $15,279,965.70. Following the completion of the transaction, the senior vice president now directly owns 286,199 shares in the company, valued at $37,692,408.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the transaction, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Insiders sold 469,799 shares of company stock valued at $64,094,877 over the last 90 days. Insiders own 1.56% of the company’s stock.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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