Today, Oliver Luxxe Assets LLC Maintains Position in Honeywell International Inc. (HON)

Today, Oliver Luxxe Assets LLC Maintains Position in Honeywell International Inc. (HON)
Oliver Luxxe Assets LLC held its stake in Honeywell International Inc. (NYSE:HON) during the third quarter, Holdings Channel reports. The firm owned 4,348 shares of the company’s stock at the end of the third quarter. Oliver Luxxe Assets LLC’s holdings in Honeywell International were worth $507,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares during the period. FMR LLC boosted its stake in Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock valued at $1,596,106,000 after buying an additional 358,668 shares during the period. BlackRock Fund Advisors boosted its stake in Honeywell International by 3.5% in the second quarter. BlackRock Fund Advisors now owns 8,980,272 shares of the company’s stock valued at $1,044,585,000 after buying an additional 303,034 shares during the period. Janus Capital Management LLC boosted its stake in Honeywell International by 0.6% in the second quarter. Janus Capital Management LLC now owns 5,883,115 shares of the company’s stock valued at $684,307,000 after buying an additional 34,400 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Honeywell International by 14.0% in the second quarter. Alliancebernstein L.P. now owns 4,974,117 shares of the company’s stock valued at $578,589,000 after buying an additional 610,723 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

Shares of Honeywell International Inc. (NYSE:HON) traded up 0.30% on Friday, reaching $114.17. 831,276 shares of the company’s stock traded hands. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02. The stock has a market capitalization of $87.01 billion, a PE ratio of 17.87 and a beta of 0.94. The company has a 50 day moving average of $110.08 and a 200-day moving average of $114.32.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 21st. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $0.03. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The business had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Honeywell International’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post $6.60 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be paid a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. This represents a $2.66 annualized dividend and a dividend yield of 2.33%. Honeywell International’s dividend payout ratio is 42.09%.

A number of research firms recently weighed in on HON. Morgan Stanley reaffirmed an “overweight” rating and set a $124.00 price objective (down previously from $127.00) on shares of Honeywell International in a research report on Monday, October 10th. RBC Capital Markets reaffirmed an “outperform” rating and set a $133.00 price objective (down previously from $138.00) on shares of Honeywell International in a research report on Monday, October 10th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $122.00 price objective (down previously from $128.00) on shares of Honeywell International in a research report on Wednesday, October 12th. Vetr raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 price objective for the company in a research report on Wednesday, November 16th. Finally, Citigroup Inc. lowered their price objective on shares of Honeywell International from $131.25 to $128.00 and set a “buy” rating for the company in a research report on Monday, October 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $125.48.

In other news, Director Bradley T. Sheares sold 3,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $109.99, for a total value of $329,970.00. Following the completion of the transaction, the director now directly owns 7,288 shares in the company, valued at $801,607.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.83% of the stock is currently owned by insiders.

Honeywell International Company Profile

Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.

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