Honeywell International Inc. (HON) Position Reduced by Quantbot Technologies LP
Quantbot Technologies LP lessened its stake in Honeywell International Inc. (NYSE:HON) by 68.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,947 shares of the conglomerate’s stock after selling 15,254 shares during the quarter. Quantbot Technologies LP’s holdings in Honeywell International were worth $925,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Wealthfront Inc. boosted its position in shares of Honeywell International by 7.5% during the second quarter. Wealthfront Inc. now owns 29,724 shares of the conglomerate’s stock worth $3,962,000 after buying an additional 2,066 shares during the period. California Public Employees Retirement System boosted its position in shares of Honeywell International by 1.1% during the second quarter. California Public Employees Retirement System now owns 2,034,404 shares of the conglomerate’s stock worth $271,166,000 after buying an additional 22,100 shares during the period. Woodley Farra Manion Portfolio Management Inc. boosted its position in shares of Honeywell International by 0.6% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 241,428 shares of the conglomerate’s stock worth $32,180,000 after buying an additional 1,491 shares during the period. GM Advisory Group Inc. boosted its position in shares of Honeywell International by 1.4% during the second quarter. GM Advisory Group Inc. now owns 2,187 shares of the conglomerate’s stock worth $292,000 after buying an additional 31 shares during the period. Finally, TIAA FSB acquired a new position in shares of Honeywell International during the second quarter worth about $18,682,000. 76.04% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE HON) traded down $1.56 on Monday, reaching $154.40. The company had a trading volume of 3,013,400 shares, compared to its average volume of 2,710,396. Honeywell International Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $156.70. The company has a market capitalization of $117,625.43, a price-to-earnings ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. Honeywell International’s revenue was up 3.2% on a year-over-year basis. equities research analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The business 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 represents a $2.98 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 45.15%.
HON has been the subject of several recent research reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research report on Thursday, August 24th. Jefferies Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research report on Tuesday, August 22nd. Citigroup upped their price objective on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and set a $156.00 price objective (up from $140.00) on shares of Honeywell International in a research report on Wednesday, October 11th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $151.92.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’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 value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
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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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