Public Employees Retirement System of Ohio increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 627,822 shares of the conglomerate’s stock after acquiring an additional 110,186 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.08% of Honeywell International worth $90,438,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. CX Institutional purchased a new stake in Honeywell International during the 2nd quarter worth approximately $100,000. Well Done LLC purchased a new stake in Honeywell International during the 1st quarter worth approximately $103,000. Jolley Asset Management LLC purchased a new stake in Honeywell International during the 2nd quarter worth approximately $104,000. Bruderman Asset Management LLC purchased a new stake in Honeywell International during the 1st quarter worth approximately $114,000. Finally, Fort L.P. purchased a new stake in Honeywell International during the 2nd quarter worth approximately $118,000. Institutional investors own 74.60% of the company’s stock.
Shares of HON stock traded up $2.58 during mid-day trading on Friday, hitting $156.20. The stock had a trading volume of 4,403,610 shares, compared to its average volume of 2,862,549. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. The stock has a market capitalization of $123.57 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. Honeywell International Inc. has a fifty-two week low of $139.51 and a fifty-two week high of $167.72.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.11. The business had revenue of $10.92 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 EPS. Equities analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.
In other news, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares in the company, valued at $1,863,760.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the completion of the sale, the insider now directly owns 16,131 shares in the company, valued at $2,568,861.75. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
HON has been the topic of several recent research reports. Wolfe Research assumed coverage on shares of Honeywell International in a research report on Wednesday, June 27th. They issued an “outperform” rating and a $170.00 price objective on the stock. MED initiated coverage on shares of Honeywell International in a research report on Thursday, July 12th. They issued a “buy” rating and a $166.00 price objective on the stock. Deutsche Bank set a $166.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Thursday, July 12th. Barclays increased their target price on shares of Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $174.79.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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