Lucia Wealth Services LLC increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,877 shares of the conglomerate’s stock after purchasing an additional 205 shares during the quarter. Lucia Wealth Services LLC’s holdings in Honeywell International were worth $474,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Morgan Stanley lifted its stake in Honeywell International by 3.9% during the first quarter. Morgan Stanley now owns 9,783,436 shares of the conglomerate’s stock worth $1,308,927,000 after purchasing an additional 370,187 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Honeywell International by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,336 shares of the conglomerate’s stock worth $1,208,243,000 after purchasing an additional 1,032,715 shares during the last quarter. Swiss National Bank lifted its stake in Honeywell International by 1.6% during the second quarter. Swiss National Bank now owns 2,818,134 shares of the conglomerate’s stock worth $407,474,000 after purchasing an additional 45,000 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Honeywell International by 17.4% during the third quarter. CIBC Private Wealth Group LLC now owns 1,890,993 shares of the conglomerate’s stock worth $311,082,000 after purchasing an additional 280,515 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Honeywell International by 3.1% during the third quarter. California Public Employees Retirement System now owns 1,707,245 shares of the conglomerate’s stock worth $281,030,000 after buying an additional 51,384 shares during the period. Hedge funds and other institutional investors own 75.30% of the company’s stock.
In other news, Director D Scott Davis sold 2,111 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $198.86, for a total transaction of $419,793.46. Also, major shareholder Honeywell International Inc bought 44,600 shares of the stock in a transaction dated Monday, October 26th. The shares were acquired at an average cost of $3.39 per share, for a total transaction of $151,194.00. Following the completion of the acquisition, the insider now directly owns 97,200 shares of the company’s stock, valued at approximately $329,508. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 756,849 shares of company stock valued at $2,916,197 and have sold 51,717 shares valued at $9,097,448. Corporate insiders own 0.64% of the company’s stock.
Several research analysts have commented on HON shares. Barclays reaffirmed a “buy” rating on shares of Honeywell International in a research report on Sunday, July 26th. Argus lifted their price target on Honeywell International from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Royal Bank of Canada cut their price target on Honeywell International from $174.00 to $169.00 and set a “sector perform” rating on the stock in a research report on Monday, November 2nd. Credit Suisse Group boosted their target price on Honeywell International from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, November 2nd. Finally, Cowen started coverage on Honeywell International in a report on Sunday, July 26th. They issued a “buy” rating and a $160.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average target price of $167.28.
HON stock traded down $4.20 during trading on Tuesday, hitting $204.39. The company had a trading volume of 27,860 shares, compared to its average volume of 3,564,236. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $175.68 and a 200-day moving average price of $157.10. Honeywell International Inc. has a 12 month low of $101.08 and a 12 month high of $210.00. The stock has a market cap of $146.36 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.31 and a beta of 1.01.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 30th. The conglomerate reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The business had revenue of $7.80 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter in the prior year, the company earned $2.08 EPS. The firm’s quarterly revenue was down 14.2% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 7.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Honeywell International’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. Honeywell International’s dividend payout ratio is currently 45.59%.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. The 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; and connected solutions and data services for the aftermarket, as well as wireless connectivity, and management and technical services.
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