Boyd Watterson Asset Management LLC OH grew its holdings in Honeywell International Inc. (NYSE:HON) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,165 shares of the conglomerate’s stock after acquiring an additional 690 shares during the period. Honeywell International accounts for 1.5% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 16th largest holding. Boyd Watterson Asset Management LLC OH’s holdings in Honeywell International were worth $2,410,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc raised its position in shares of Honeywell International by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after purchasing an additional 456,410 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Honeywell International by 12,075.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after acquiring an additional 21,985,685 shares during the last quarter. Geode Capital Management LLC increased its holdings in Honeywell International by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after acquiring an additional 478,988 shares during the last quarter. Northern Trust Corp increased its holdings in Honeywell International by 2.9% in the 4th quarter. Northern Trust Corp now owns 8,702,224 shares of the conglomerate’s stock valued at $1,149,738,000 after acquiring an additional 241,715 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Honeywell International by 2.3% in the 3rd quarter. Clearbridge Investments LLC now owns 6,249,508 shares of the conglomerate’s stock valued at $1,039,918,000 after acquiring an additional 139,901 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
In related news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the sale, the insider now owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.
A number of analysts have issued reports on HON shares. Morgan Stanley lifted their price target on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Deutsche Bank lifted their price target on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Credit Suisse Group lifted their price target on shares of Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a report on Monday, April 22nd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $175.20.
Shares of NYSE:HON traded down $0.29 on Wednesday, reaching $169.31. The company’s stock had a trading volume of 2,189,755 shares, compared to its average volume of 2,940,158. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $174.34. The stock has a market capitalization of $123.35 billion, a P/E ratio of 21.14, a PEG ratio of 2.30 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 0.45.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.09. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same period in the previous year, the company earned $1.95 EPS. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. On average, analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio is presently 40.95%.
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Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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