Farmer Steven Patrick bought a new position in Honeywell International Inc. (NASDAQ:HON – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,160 shares of the conglomerate’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HON. Vanguard Group Inc. increased its holdings in Honeywell International by 6.1% during the first quarter. Vanguard Group Inc. now owns 59,519,520 shares of the conglomerate’s stock valued at $11,581,308,000 after buying an additional 3,400,094 shares during the last quarter. BlackRock Inc. increased its holdings in Honeywell International by 2.1% during the first quarter. BlackRock Inc. now owns 42,068,861 shares of the conglomerate’s stock valued at $8,185,760,000 after buying an additional 883,708 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Honeywell International by 15.1% in the first quarter. Wellington Management Group LLP now owns 14,683,542 shares of the conglomerate’s stock worth $2,857,123,000 after purchasing an additional 1,921,577 shares in the last quarter. Capital International Investors increased its stake in shares of Honeywell International by 10.2% in the first quarter. Capital International Investors now owns 9,518,037 shares of the conglomerate’s stock worth $1,852,406,000 after purchasing an additional 879,148 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Honeywell International by 1.1% in the fourth quarter. Legal & General Group Plc now owns 4,432,345 shares of the conglomerate’s stock worth $924,189,000 after purchasing an additional 48,098 shares in the last quarter. Institutional investors own 74.74% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on HON shares. Barclays increased their price objective on shares of Honeywell International from $204.00 to $210.00 in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Royal Bank of Canada upped their target price on shares of Honeywell International from $184.00 to $193.00 in a research report on Friday, July 29th. Wells Fargo & Company upped their target price on shares of Honeywell International from $180.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Monday, August 1st. Finally, Mizuho dropped their target price on shares of Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $210.08.
Insider Transactions at Honeywell International
Honeywell International Price Performance
HON stock opened at $177.35 on Friday. Honeywell International Inc. has a 52 week low of $167.35 and a 52 week high of $228.26. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $192.71 and a two-hundred day simple moving average of $189.22. The firm has a market capitalization of $119.48 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.
Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.03 by $0.07. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same quarter last year, the business earned $2.02 earnings per share. Honeywell International’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were issued a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 annualized dividend and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is presently 53.48%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems, as well as wireless connectivity and management services.
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