Teacher Retirement System of Texas Sells 4,929 Shares of Honeywell International Inc. (HON)
Teacher Retirement System of Texas reduced its position in Honeywell International Inc. (NYSE:HON) by 0.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 619,047 shares of the conglomerate’s stock after selling 4,929 shares during the quarter. Teacher Retirement System of Texas owned about 0.08% of Honeywell International worth $82,513,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares during the period. Clearbridge Investments LLC increased its stake in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the period. Swiss National Bank increased its stake in Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Honeywell International by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock valued at $327,636,000 after buying an additional 114,309 shares during the period. Finally, AGF Investments Inc. increased its stake in Honeywell International by 5.5% in the 1st quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock valued at $255,029,000 after buying an additional 105,943 shares during the period. 75.73% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (HON) opened at 143.75 on Tuesday. The firm has a market capitalization of $109.33 billion, a PE ratio of 22.29 and a beta of 0.95. The company has a 50-day moving average of $139.95 and a 200-day moving average of $134.50. Honeywell International Inc. has a 52 week low of $107.41 and a 52 week high of $145.30.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the business earned $1.70 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is presently 41.24%.
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HON has been the topic of several recent research reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Thursday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $141.00 price objective (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc initiated coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price objective on the stock. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $149.52.
In related news, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 354,108 shares of company stock worth $48,886,463. 1.56% of the stock is owned by corporate insiders.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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