Honeywell International Inc. (HON) Holdings Increased by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. raised its holdings in Honeywell International Inc. (NYSE:HON) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,873 shares of the conglomerate’s stock after acquiring an additional 109 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Honeywell International were worth $1,049,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HON. Waldron LP raised its holdings in shares of Honeywell International by 70.0% in the 1st quarter. Waldron LP now owns 6,715 shares of the conglomerate’s stock valued at $826,000 after acquiring an additional 2,765 shares in the last quarter. BTR Capital Management Inc. raised its holdings in shares of Honeywell International by 15.1% in the 1st quarter. BTR Capital Management Inc. now owns 6,975 shares of the conglomerate’s stock valued at $871,000 after acquiring an additional 915 shares in the last quarter. Headinvest LLC raised its holdings in shares of Honeywell International by 3.6% in the 1st quarter. Headinvest LLC now owns 6,421 shares of the conglomerate’s stock valued at $802,000 after acquiring an additional 225 shares in the last quarter. Meritage Portfolio Management purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $246,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of Honeywell International by 2.5% in the 1st quarter. Sit Investment Associates Inc. now owns 315,645 shares of the conglomerate’s stock valued at $39,415,000 after acquiring an additional 7,840 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on HON. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a report on Monday, July 17th. Oppenheimer Holdings, Inc. raised their price objective on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. HSBC Holdings plc started coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective on the stock. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $142.22.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 354,108 shares of company stock worth $48,886,463. Company insiders own 1.56% of the company’s stock.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.88%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
Honeywell International Company 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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