Honeywell International Inc. (HON) Position Trimmed by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 68.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,175 shares of the conglomerate’s stock after selling 407,419 shares during the period. Epoch Investment Partners Inc.’s holdings in Honeywell International were worth $24,815,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Honeywell International by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,890,753 shares of the conglomerate’s stock valued at $252,011,000 after purchasing an additional 45,102 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in Honeywell International by 154.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,225 shares of the conglomerate’s stock valued at $163,000 after purchasing an additional 743 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Honeywell International by 176.4% in the second quarter. Renaissance Technologies LLC now owns 1,269,100 shares of the conglomerate’s stock valued at $169,158,000 after purchasing an additional 809,900 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in Honeywell International by 47.9% in the second quarter. Baker Avenue Asset Management LP now owns 40,803 shares of the conglomerate’s stock valued at $5,439,000 after purchasing an additional 13,210 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Honeywell International by 12.3% during the second quarter. Parametric Portfolio Associates LLC now owns 1,709,792 shares of the conglomerate’s stock valued at $227,898,000 after acquiring an additional 186,863 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on HON shares. Jefferies Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, August 17th. Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. Deutsche Bank reaffirmed a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. Finally, Citigroup increased their price objective on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $154.00.
Honeywell International Inc. (NYSE:HON) traded up $0.28 during trading on Friday, hitting $153.28. The stock had a trading volume of 2,044,900 shares, compared to its average volume of 2,710,110. The stock has a market cap of $116,558.88, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 52 week low of $113.60 and a 52 week high of $156.70.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. analysts expect 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 issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
In related news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were 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 disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
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Honeywell International Company 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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