Empirical Finance LLC acquired a new position in shares of Honeywell International Inc. (NYSE:HON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,464 shares of the conglomerate’s stock, valued at approximately $244,000.
Several other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Honeywell International by 10.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock worth $290,840,000 after acquiring an additional 192,133 shares during the last quarter. Rainier Group Investment Advisory LLC acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $159,000. Braun Bostich & Associates Inc. acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $933,000. Baxter Bros Inc. raised its holdings in shares of Honeywell International by 26.3% in the first quarter. Baxter Bros Inc. now owns 33,590 shares of the conglomerate’s stock valued at $4,854,000 after purchasing an additional 6,996 shares during the last quarter. Finally, Highbridge Capital Management LLC raised its holdings in shares of Honeywell International by 3,945.1% in the first quarter. Highbridge Capital Management LLC now owns 26,916 shares of the conglomerate’s stock valued at $3,889,000 after purchasing an additional 27,616 shares during the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered their target price on shares of Honeywell International from $165.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, October 30th. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. UBS Group raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, $1 reaffirmed an “outperform” rating and set a $177.00 price objective (down previously from $184.00) on shares of Honeywell International in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus price target of $172.90.
Shares of HON traded down $0.23 during trading hours on Friday, reaching $150.32. The stock had a trading volume of 2,378,427 shares, compared to its average volume of 4,100,793. Honeywell International Inc. has a 12 month low of $139.30 and a 12 month high of $167.72. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76. The stock has a market cap of $111.19 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.92 and a beta of 1.04.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the business earned $1.75 EPS. Honeywell International’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that Honeywell International Inc. will post 7.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is 41.91%.
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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