Honeywell International Inc. (HON) Stake Lowered by Bridges Investment Management Inc.
Bridges Investment Management Inc. decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 59,806 shares of the conglomerate’s stock after selling 7,990 shares during the period. Bridges Investment Management Inc.’s holdings in Honeywell International were worth $9,952,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in HON. American Century Companies Inc. grew its position in Honeywell International by 76.2% in the 3rd quarter. American Century Companies Inc. now owns 1,559,164 shares of the conglomerate’s stock valued at $259,445,000 after purchasing an additional 674,377 shares during the period. Putnam Investments LLC grew its position in Honeywell International by 40.1% in the 3rd quarter. Putnam Investments LLC now owns 2,171,468 shares of the conglomerate’s stock valued at $358,292,000 after purchasing an additional 621,840 shares during the period. Bank of Montreal Can grew its position in Honeywell International by 79.6% in the 3rd quarter. Bank of Montreal Can now owns 1,296,521 shares of the conglomerate’s stock valued at $213,439,000 after purchasing an additional 574,501 shares during the period. Panagora Asset Management Inc. grew its position in Honeywell International by 70.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,221,154 shares of the conglomerate’s stock valued at $203,200,000 after purchasing an additional 505,227 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in Honeywell International by 1,011.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 518,603 shares of the conglomerate’s stock valued at $86,296,000 after purchasing an additional 471,934 shares during the period. 71.12% of the stock is owned by institutional investors.
HON opened at $134.38 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market cap of $101.00 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.79 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $133.58 and a 1 year high of $167.72.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 16th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.44%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, November 15th. Honeywell International’s payout ratio is currently 46.13%.
Several analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Monday, August 20th. They issued an “overweight” rating and a $175.00 price target for the company. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Credit Suisse Group reduced their price target on shares of Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Barclays lifted their price target on shares of Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. Finally, reissued an “outperform” rating and issued a $177.00 price target (down previously from $184.00) on shares of Honeywell International in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average price target of $172.11.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 13,400 shares of Honeywell International stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the transaction, the director now directly owns 13,607 shares of the company’s stock, valued at approximately $1,974,783.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of Honeywell International stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the transaction, the vice president now directly owns 91,829 shares in the company, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders have sold a total of 45,644 shares of company stock worth $6,597,099 over the last ninety days. Insiders own 1.33% of the company’s stock.
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Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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