Honeywell International Inc. (HON) Stake Raised by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd raised its holdings in Honeywell International Inc. (NYSE:HON) by 102.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,643 shares of the conglomerate’s stock after buying an additional 2,858 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Honeywell International were worth $752,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. WINTON GROUP Ltd grew its position in shares of Honeywell International by 35.1% in the 2nd quarter. WINTON GROUP Ltd now owns 27,509 shares of the conglomerate’s stock worth $3,667,000 after buying an additional 7,141 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Honeywell International during the second quarter valued at approximately $393,000. Millie Capital Management LLC boosted its position in shares of Honeywell International by 5.9% during the second quarter. Millie Capital Management LLC now owns 11,717 shares of the conglomerate’s stock valued at $1,562,000 after purchasing an additional 654 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its position in shares of Honeywell International by 7.1% during the second quarter. Schafer Cullen Capital Management Inc. now owns 220,703 shares of the conglomerate’s stock valued at $29,418,000 after purchasing an additional 14,635 shares in the last quarter. Finally, Cullen Capital Management LLC boosted its position in shares of Honeywell International by 60.2% during the second quarter. Cullen Capital Management LLC now owns 23,150 shares of the conglomerate’s stock valued at $3,086,000 after purchasing an additional 8,700 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In other news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now 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. 1.56% of the stock is currently owned by insiders.
Shares of Honeywell International Inc. (NYSE:HON) traded up $2.06 during trading hours on Thursday, reaching $155.80. The company’s stock had a trading volume of 5,064,100 shares, compared to its average volume of 2,719,647. The stock has a market capitalization of $116,323.64, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99. Honeywell International Inc. has a 1-year low of $113.60 and a 1-year high of $156.70. 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 announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. sell-side analysts predict that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
Honeywell International declared that its board has authorized a stock buyback program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a dividend of $0.745 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.91%. Honeywell International’s payout ratio is presently 45.15%.
Several equities research analysts recently weighed in on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, August 17th. Deutsche Bank restated a “buy” rating and set a $154.00 price target on shares of Honeywell International in a research report on Thursday, September 21st. Royal Bank of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Jefferies Group restated a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Thursday, September 28th. Finally, Citigroup set a $180.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $159.29.
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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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