Honeywell International Inc. (HON) Shares Bought by Bank OZK
Bank OZK lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,469 shares of the conglomerate’s stock after acquiring an additional 342 shares during the period. Bank OZK’s holdings in Honeywell International were worth $1,908,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of HON. Swiss National Bank increased its holdings in Honeywell International by 7.1% in the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock worth $358,162,000 after purchasing an additional 164,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Honeywell International by 10.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,363,644 shares of the conglomerate’s stock worth $340,483,000 after purchasing an additional 230,252 shares in the last quarter. AGF Investments Inc. increased its holdings in Honeywell International by 9.7% in the 2nd quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock worth $326,644,000 after purchasing an additional 201,003 shares in the last quarter. Investec Asset Management LTD increased its holdings in Honeywell International by 5.9% in the 2nd quarter. Investec Asset Management LTD now owns 2,174,351 shares of the conglomerate’s stock worth $313,215,000 after purchasing an additional 120,784 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Honeywell International by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,159,594 shares of the conglomerate’s stock worth $311,083,000 after purchasing an additional 74,703 shares in the last quarter. 71.58% of the stock is owned by institutional investors.
Shares of HON stock opened at $147.68 on Wednesday. The stock has a market capitalization of $111.28 billion, a PE ratio of 20.77, a P/E/G ratio of 1.92 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76. Honeywell International Inc. has a 1-year low of $139.30 and a 1-year high of $167.72.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio is presently 41.91%.
A number of brokerages have issued reports on HON. Morgan Stanley began coverage on Honeywell International in a report on Monday, August 20th. They issued an “overweight” rating and a $175.00 target price for the company. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Credit Suisse Group lowered their target price on Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, October 23rd. Barclays increased their price target on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Finally, $1 reissued an “outperform” rating and issued a $177.00 price target (down previously from $184.00) on shares of Honeywell International in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $172.90.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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