Carderock Capital Management Inc. Acquires 18,398 Shares of Honeywell International Inc. (HON)
Carderock Capital Management Inc. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 125.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 33,062 shares of the company’s stock after buying an additional 18,398 shares during the period. Honeywell International makes up 1.9% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Carderock Capital Management Inc.’s holdings in Honeywell International were worth $3,855,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HON. Emerald Acquisition Ltd. purchased a new stake in Honeywell International during the second quarter valued at about $351,643,000. Vanguard Group Inc. boosted its stake in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in 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 valued at $374,917,000 after buying an additional 1,547,970 shares during the last quarter. Boston Partners boosted its stake in Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock valued at $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 Honeywell International during the second quarter valued at about $98,669,000. Institutional investors and hedge funds own 75.10% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded down 0.45% during mid-day trading on Tuesday, reaching $113.34. 3,334,451 shares of the company’s stock were exchanged. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02. The company’s 50 day moving average price is $110.28 and its 200-day moving average price is $114.31. The company has a market capitalization of $86.38 billion, a P/E ratio of 17.74 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 21st. The company reported $1.67 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 company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the company earned $1.60 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post $6.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.665 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s dividend payout ratio is currently 42.09%.
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Several equities research analysts recently issued reports on HON shares. Morgan Stanley set a $130.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Monday, August 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $113.00 target price on shares of Honeywell International in a research note on Thursday, August 25th. Robert W. Baird began coverage on shares of Honeywell International in a research note on Thursday, October 6th. They set an “outperform” rating and a $135.00 target price for the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $113.35 target price on shares of Honeywell International in a research note on Friday, October 7th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $130.00 target price 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $125.48.
In related news, Director Bradley T. Sheares sold 3,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $109.99, for a total transaction of $329,970.00. Following the completion of the sale, the director now owns 7,288 shares of the company’s stock, valued at approximately $801,607.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.83% of the company’s stock.
About Honeywell International
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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