22,201 Shares in Honeywell International Inc. (HON) Purchased by Quantbot Technologies LP
Quantbot Technologies LP acquired a new position in Honeywell International Inc. (NYSE:HON) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,201 shares of the conglomerate’s stock, valued at approximately $2,772,000.
Other institutional investors have also recently modified their holdings of the company. FTB Advisors Inc. lifted its stake in shares of Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after buying an additional 423 shares during the last quarter. Swiss National Bank lifted its stake in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock worth $172,401,000 after buying an additional 74,611 shares during the last quarter. Korea Investment CORP lifted its stake in shares of Honeywell International by 50.1% in the first quarter. Korea Investment CORP now owns 533,768 shares of the conglomerate’s stock worth $66,652,000 after buying an additional 178,120 shares during the last quarter. Finally, Mycio Wealth Partners LLC lifted its stake in shares of Honeywell International by 88.6% in the first quarter. Mycio Wealth Partners LLC now owns 3,964 shares of the conglomerate’s stock worth $495,000 after buying an additional 1,862 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded down 0.46% during midday trading on Monday, reaching $137.63. 1,759,337 shares of the company’s stock traded hands. The stock has a 50 day moving average of $137.17 and a 200-day moving average of $131.32. The stock has a market cap of $104.68 billion, a price-to-earnings ratio of 21.34 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post $7.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. Jefferies Group LLC restated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Morgan Stanley boosted their price objective on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Finally, Cowen and Company restated an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $141.18.
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In other news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the sale, the director now directly owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,108 shares of company stock worth $48,886,463. Company insiders own 1.56% of the company’s stock.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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