Honeywell International Inc. (HON) Position Lowered by Cannell Peter B & Co. Inc.
Cannell Peter B & Co. Inc. reduced its position in Honeywell International Inc. (NYSE:HON) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,053 shares of the conglomerate’s stock after selling 1,800 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Honeywell International were worth $7,605,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HON. Schulhoff & Co. Inc. lifted its position in shares of Honeywell International by 1.8% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after acquiring an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after acquiring an additional 11,091 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Honeywell International by 331.4% during the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after acquiring an additional 10,413 shares during the last quarter. Acadian Asset Management LLC raised its stake in Honeywell International by 80.2% during the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after purchasing an additional 14,816 shares during the period. Finally, Buckingham Capital Management Inc. raised its stake in Honeywell International by 3.1% during the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Several equities analysts have commented on HON shares. Cowen and Company reissued a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup Inc. raised their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank of Canada set a $148.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $150.79.
Shares of Honeywell International Inc. (HON) opened at $145.75 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 1-year low of $111.78 and a 1-year high of $147.51. The firm has a market cap of $111,035.70, a P/E ratio of 20.97, a PEG ratio of 2.24 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s payout ratio is presently 40.30%.
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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