Oregon Public Employees Retirement Fund Buys 63,649 Shares of Honeywell International Inc. (HON)
Oregon Public Employees Retirement Fund raised its position in Honeywell International Inc. (NYSE:HON) by 32.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,418 shares of the company’s stock after buying an additional 63,649 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Honeywell International were worth $30,129,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Searle & CO. acquired a new position in shares of Honeywell International during the third quarter worth $2,201,000. Advisory Services Network LLC increased its position in shares of Honeywell International by 0.5% in the third quarter. Advisory Services Network LLC now owns 10,273 shares of the company’s stock worth $1,198,000 after buying an additional 53 shares during the last quarter. Trust Co. of Oklahoma increased its position in shares of Honeywell International by 6.4% in the third quarter. Trust Co. of Oklahoma now owns 22,572 shares of the company’s stock worth $2,632,000 after buying an additional 1,351 shares during the last quarter. Catawba Capital Management VA increased its position in shares of Honeywell International by 3.6% in the third quarter. Catawba Capital Management VA now owns 34,889 shares of the company’s stock worth $4,068,000 after buying an additional 1,210 shares during the last quarter. Finally, First American Bank increased its position in shares of Honeywell International by 92.7% in the third quarter. First American Bank now owns 22,462 shares of the company’s stock worth $2,619,000 after buying an additional 10,806 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.06% on Tuesday, reaching $113.92. The company had a trading volume of 483,229 shares. The stock has a market capitalization of $86.82 billion, a PE ratio of 17.83 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02. The stock’s 50 day moving average price is $110.28 and its 200-day moving average price is $114.31.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by $0.03. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The company earned $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post $6.60 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a $2.66 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Wednesday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s dividend payout ratio (DPR) is currently 42.09%.
A number of brokerages have recently weighed in on HON. Vetr upgraded Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 target price on the stock in a research note on Wednesday, November 16th. Zacks Investment Research upgraded Honeywell International from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Argus restated a “buy” rating on shares of Honeywell International in a research note on Monday, October 24th. Barclays PLC set a $128.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Wednesday, October 12th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $122.00 target price (down previously from $128.00) on shares of Honeywell International in a research note on Wednesday, October 12th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $125.48.
In other news, Director Bradley T. Sheares sold 3,000 shares of Honeywell International stock in a transaction 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 transaction, the director now owns 7,288 shares in the company, valued at approximately $801,607.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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