Neuberger Berman Group LLC Sells 51,134 Shares of Honeywell International Inc. (HON)
Neuberger Berman Group LLC reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,762,606 shares of the company’s stock after selling 51,134 shares during the period. Neuberger Berman Group LLC owned about 0.23% of Honeywell International worth $205,502,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the company’s stock valued at $100,000 after buying an additional 274 shares during the period. Reilly Financial Advisors LLC increased its stake in Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock valued at $104,000 after buying an additional 10 shares during the period. American National Bank increased its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares during the period. First Personal Financial Services increased its stake in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares during the period. Finally, Bruderman Asset Management LLC increased its stake in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 113.85 on Tuesday. Honeywell International Inc. has a 1-year low of $93.71 and a 1-year high of $120.02. The firm has a market cap of $86.77 billion, a P/E ratio of 17.82 and a beta of 0.94. The stock has a 50 day moving average price of $110.28 and a 200-day moving average price of $114.31.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing the 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 had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post $6.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be given a dividend of $0.665 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. This represents a $2.66 annualized dividend and a yield of 2.34%. The ex-dividend date is Wednesday, November 16th. Honeywell International’s payout ratio is currently 42.09%.
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HON has been the subject of several recent analyst reports. Morgan Stanley set a $130.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Monday, August 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $113.00 price target on shares of Honeywell International in a research note on Thursday, August 25th. Robert W. Baird initiated coverage on Honeywell International in a research note on Thursday, October 6th. They set an “outperform” rating and a $135.00 price target for the company. Credit Suisse Group AG reiterated a “hold” rating and set a $113.35 price target on shares of Honeywell International in a research note on Friday, October 7th. Finally, Jefferies Group reissued a “buy” rating and set a $130.00 price objective on shares of Honeywell International in a research report on Friday, October 7th. Three investment 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $125.48.
In other Honeywell International news, Director Bradley T. Sheares sold 3,000 shares of the business’s 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 transaction, 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 can be accessed through the SEC website. Company 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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