Winch Advisory Services LLC purchased a new position in Honeywell International Inc. (NYSE:HON) during the third quarter, Holdings Channel reports. The firm purchased 1,927 shares of the company’s stock, valued at approximately $225,000.
Other large investors have also added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new stake in Honeywell International during the second quarter worth approximately $351,643,000. Vanguard Group Inc. raised 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 worth $5,196,607,000 after buying an additional 1,587,804 shares during the period. UBS Asset Management Americas Inc. raised its stake in Honeywell International by 92.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,223,146 shares of the company’s stock worth $374,917,000 after buying an additional 1,547,970 shares during the period. Boston Partners raised its stake in Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock worth $386,068,000 after buying an additional 1,100,961 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Honeywell International during the second quarter worth approximately $98,669,000. Institutional investors and hedge funds own 75.84% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 114.17 on Friday. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02. The stock has a 50 day moving average price of $110.08 and a 200 day moving average price of $114.32. The company has a market cap of $87.01 billion, a PE ratio of 17.87 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 21st. The company reported $1.67 earnings per share 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 earned $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post $6.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be paid a $0.665 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, November 16th. This represents a $2.66 annualized dividend and a dividend yield of 2.33%. Honeywell International’s payout ratio is currently 42.09%.
HON has been the topic of a number of research analyst reports. Morgan Stanley restated a “buy” rating and set a $127.00 price target on shares of Honeywell International in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. lowered Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 price objective on the stock. in a research report on Monday, October 10th. Jefferies Group reiterated a “buy” rating and issued a $130.00 price objective on shares of Honeywell International in a research report on Friday, October 7th. Credit Suisse Group AG reiterated a “hold” rating and issued a $113.35 price objective on shares of Honeywell International in a research report on Friday, October 7th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $125.00 price objective on shares of Honeywell International in a research report on Friday, October 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $125.48.
In other Honeywell International 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 transaction of $329,970.00. Following the sale, the director now owns 7,288 shares of the company’s stock, valued at $801,607.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.83% of the stock is currently owned by corporate insiders.
About Honeywell International
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.