Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Honeywell International Inc. (NYSE:HON) by 62.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 590,555 shares of the conglomerate’s stock after selling 968,539 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Honeywell International worth $97,176,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in HON. Cornerstone Wealth Management LLC increased its holdings in Honeywell International by 16,631.2% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 243,439 shares of the conglomerate’s stock worth $1,682,000 after purchasing an additional 241,984 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $1,695,000. Sheets Smith Wealth Management bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $1,688,000. Community Trust & Investment Co. grew its position in shares of Honeywell International by 28.5% in the 2nd quarter. Community Trust & Investment Co. now owns 113,870 shares of the conglomerate’s stock valued at $16,403,000 after buying an additional 25,281 shares during the last quarter. Finally, Kaizen Advisory LLC grew its position in shares of Honeywell International by 153.1% in the 2nd quarter. Kaizen Advisory LLC now owns 1,855 shares of the conglomerate’s stock valued at $267,000 after buying an additional 1,122 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total value of $1,944,742.00. Following the completion of the transaction, the director now directly owns 13,607 shares of the company’s stock, valued at $1,974,783.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total value of $4,061,434.41. Following the completion of the transaction, the vice president now directly owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock valued at $6,597,099 over the last three months. Company insiders own 1.33% of the company’s stock.
Shares of Honeywell International stock traded down $4.83 on Thursday, hitting $137.85. The company had a trading volume of 154,688 shares, compared to its average volume of 2,989,255. The company has a market cap of $105.62 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $139.30 and a 1 year high of $167.72. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 46.13%.
A number of research firms have commented on HON. Barclays upped their price target on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Oppenheimer upped their price target on Honeywell International from $172.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, September 26th. Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research report on Friday, August 24th. Finally, Argus reiterated a “buy” rating on shares of Honeywell International in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus target price of $172.90.
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About Honeywell International
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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