Honeywell International Inc. (HON) Position Increased by Macquarie Group Ltd.
Macquarie Group Ltd. raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,890 shares of the company’s stock after buying an additional 42,572 shares during the period. Macquarie Group Ltd. owned approximately 0.06% of Honeywell International worth $49,190,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in shares of Honeywell International during the second quarter worth approximately $351,643,000. Vanguard Group Inc. increased its stake in shares of Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock worth $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Honeywell International by 92.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,223,146 shares of the company’s stock worth $374,917,000 after buying an additional 1,547,970 shares during the last quarter. Boston Partners increased its stake in shares of Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock worth $386,068,000 after buying an additional 1,100,961 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Honeywell International during the second quarter worth approximately $98,669,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 0.89% during midday trading on Friday, hitting $112.09. 2,879,131 shares of the stock were exchanged. The company has a market capitalization of $85.43 billion, a P/E ratio of 17.54 and a beta of 0.94. The company’s 50 day moving average is $111.01 and its 200 day moving average is $114.39. Honeywell International Inc. has a 1-year low of $93.71 and a 1-year high of $120.02.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 21st. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.03. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. The firm earned $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post $6.60 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be given a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. This represents a $2.66 annualized dividend and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio is currently 42.09%.
A number of analysts have recently commented on the company. Morgan Stanley restated a “buy” rating and set a $127.00 price objective on shares of Honeywell International in a report on Tuesday, September 6th. Bank of America Corp. set a $132.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, July 25th. Goldman Sachs Group Inc. downgraded shares of Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 price target for the company. in a research note on Monday, October 10th. Jefferies Group reissued a “buy” rating and set a $130.00 price target on shares of Honeywell International in a research note on Friday, October 7th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $113.35 price target on shares of Honeywell International in a research note on Friday, October 7th. Three equities research 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. Honeywell International has an average rating of “Buy” and a consensus price target of $125.48.
In other news, Director Bradley T. Sheares sold 3,000 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $109.99, for a total transaction of $329,970.00. Following the sale, the director now directly owns 7,288 shares in the company, valued at $801,607.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.83% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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