Tredje AP fonden Has $7.64 Million Holdings in Honeywell International Inc. (HON)
Tredje AP fonden reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,309 shares of the conglomerate’s stock after selling 280 shares during the period. Tredje AP fonden’s holdings in Honeywell International were worth $7,639,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Schulhoff & Co. Inc. lifted its holdings in shares of Honeywell International by 1.8% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after acquiring an additional 203 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock worth $29,184,000 after acquiring an additional 11,091 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Honeywell International by 331.4% during the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock worth $1,693,000 after acquiring an additional 10,413 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Honeywell International by 80.2% during the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock worth $4,436,000 after acquiring an additional 14,816 shares during the period. Finally, Buckingham Capital Management Inc. lifted its holdings in shares of Honeywell International by 3.1% during the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock worth $3,179,000 after acquiring an additional 766 shares during the period. Institutional investors and hedge funds own 76.24% of the company’s stock.
Several research analysts have recently weighed in on HON shares. Royal Bank Of Canada increased their price objective on shares of Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. increased their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $155.00 price objective (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Credit Suisse Group reiterated a “neutral” rating and set a $139.00 price objective (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Honeywell International currently has an average rating of “Buy” and a consensus price target of $150.79.
In other news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Insiders have sold 20,242 shares of company stock valued at $2,889,943 in the last three months. Corporate insiders own 1.56% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at $146.49 on Friday. The stock has a market cap of $111,599.45, a P/E ratio of 21.08, a PEG ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 12 month low of $111.78 and a 12 month high of $147.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. sell-side analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.
About Honeywell International
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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