Ontario Teachers Pension Plan Board reduced its position in Honeywell International Inc. (NYSE:HON) by 23.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,075 shares of the conglomerate’s stock after selling 8,396 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Honeywell International were worth $3,900,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. HC Financial Advisors Inc. bought a new stake in Honeywell International during the fourth quarter valued at approximately $2,339,000. SeaTown Holdings Pte. Ltd. bought a new stake in Honeywell International during the first quarter valued at approximately $30,579,000. Flossbach Von Storch AG bought a new stake in Honeywell International during the first quarter valued at approximately $233,000. Miles Capital Inc. lifted its position in Honeywell International by 32.7% during the first quarter. Miles Capital Inc. now owns 1,812 shares of the conglomerate’s stock valued at $262,000 after purchasing an additional 446 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Honeywell International by 12.6% during the first quarter. D.A. Davidson & CO. now owns 55,353 shares of the conglomerate’s stock valued at $7,999,000 after purchasing an additional 6,191 shares during the last quarter. Institutional investors own 74.55% of the company’s stock.
HON stock opened at $162.81 on Friday. The company has a market cap of $121.80 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. Honeywell International Inc. has a one year low of $136.67 and a one year high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, topping the consensus estimate of $2.01 by $0.11. The firm had revenue of $10.92 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. analysts anticipate that Honeywell International Inc. will post 8.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 17th were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.
In other Honeywell International news, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares in the company, valued at $2,568,861.75. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Several brokerages have issued reports on HON. UBS Group lifted their target price on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research report on Monday, May 21st. MED began coverage on shares of Honeywell International in a research report on Thursday, July 12th. They set a “buy” rating and a $166.00 target price for the company. Finally, Wolfe Research began coverage on shares of Honeywell International in a research report on Wednesday, June 27th. They set an “outperform” rating and a $170.00 target price for the company. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $172.94.
Honeywell International Company 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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