Advisor Partners LLC raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 16.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,334 shares of the company’s stock after buying an additional 2,256 shares during the period. Advisor Partners LLC’s holdings in Honeywell International were worth $1,904,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. 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. 75.10% of the stock is owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 0.28% on Monday, hitting $113.85. 2,617,445 shares of the company were exchanged. The stock has a market cap of $86.77 billion, a PE ratio of 17.82 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $93.71 and a 52-week high of $120.02. The firm has a 50 day moving average of $110.28 and a 200-day moving average of $114.31.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 21st. The company reported $1.67 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 analyst estimates of $9.78 billion. During the same period in the prior year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts expect that Honeywell International Inc. will post $6.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be paid a dividend of $0.665 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.66 annualized dividend and a yield of 2.34%. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s dividend payout ratio (DPR) is currently 42.09%.
HON has been the subject of several analyst reports. Morgan Stanley set a $130.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Monday, August 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $113.00 price target on shares of Honeywell International in a research note on Thursday, August 25th. Robert W. Baird initiated coverage on shares of Honeywell International in a research note on Thursday, October 6th. They issued an “outperform” rating and a $135.00 price target for the company. Credit Suisse Group AG reissued a “hold” rating and issued a $113.35 price target on shares of Honeywell International in a research note on Friday, October 7th. Finally, Jefferies Group reissued a “buy” rating and issued a $130.00 price target on shares of Honeywell International in a research note on Friday, October 7th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average target price of $125.48.
In related news, Director Bradley T. Sheares sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $109.99, for a total transaction of $329,970.00. Following the completion of the sale, the director now owns 7,288 shares of the company’s stock, valued at $801,607.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.83% of the company’s stock.
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.