Commerzbank Aktiengesellschaft FI Has $73.68 Million Position in Honeywell International Inc. (HON)
Commerzbank Aktiengesellschaft FI lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 39.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,791 shares of the conglomerate’s stock after selling 366,011 shares during the period. Honeywell International accounts for approximately 1.2% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 14th largest position. Commerzbank Aktiengesellschaft FI owned 0.07% of Honeywell International worth $73,682,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Cedar Capital LLC boosted its stake in Honeywell International by 27.6% in the second quarter. Cedar Capital LLC now owns 2,208 shares of the conglomerate’s stock valued at $294,000 after acquiring an additional 478 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Honeywell International by 14.3% in the second quarter. Oppenheimer & Co. Inc. now owns 149,617 shares of the conglomerate’s stock valued at $19,942,000 after acquiring an additional 18,718 shares in the last quarter. Cipher Capital LP acquired a new position in Honeywell International in the second quarter valued at $5,707,000. Sequoia Financial Advisors LLC boosted its stake in Honeywell International by 3.9% in the second quarter. Sequoia Financial Advisors LLC now owns 3,518 shares of the conglomerate’s stock valued at $469,000 after acquiring an additional 131 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Honeywell International by 3.0% in the second quarter. Swiss National Bank now owns 2,642,073 shares of the conglomerate’s stock valued at $352,162,000 after acquiring an additional 76,600 shares in the last quarter. Hedge funds and other institutional investors own 76.24% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $145.75 on Monday. Honeywell International Inc. has a 1-year low of $111.78 and a 1-year high of $147.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The stock has a market cap of $111,035.66, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the company posted $1.60 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is 40.30%.
A number of equities research analysts have recently commented on HON shares. Oppenheimer Holdings, Inc. upped their target price on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a report on Monday, July 17th. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Finally, Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $150.79.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
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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