Headinvest LLC Acquires Shares of 6,537 Honeywell International Inc. (NYSE:HON)
Headinvest LLC purchased a new stake in Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,537 shares of the conglomerate’s stock, valued at approximately $942,000.
Several other hedge funds also recently modified their holdings of the company. BancorpSouth Bank boosted its holdings in Honeywell International by 2.9% in the second quarter. BancorpSouth Bank now owns 17,009 shares of the conglomerate’s stock worth $2,450,000 after acquiring an additional 476 shares in the last quarter. Nicollet Investment Management Inc. increased its position in shares of Honeywell International by 1.7% during the second quarter. Nicollet Investment Management Inc. now owns 21,990 shares of the conglomerate’s stock valued at $3,168,000 after acquiring an additional 375 shares during the last quarter. Sun Life Financial INC increased its position in shares of Honeywell International by 505.2% during the second quarter. Sun Life Financial INC now owns 10,675 shares of the conglomerate’s stock valued at $1,538,000 after acquiring an additional 8,911 shares during the last quarter. Suncoast Equity Management increased its position in shares of Honeywell International by 0.9% during the second quarter. Suncoast Equity Management now owns 153,285 shares of the conglomerate’s stock valued at $22,081,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Dakota Wealth Management purchased a new stake in shares of Honeywell International during the second quarter valued at approximately $786,000. 74.64% of the stock is owned by institutional investors.
A number of analysts recently commented on the company. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reissued a “positive” rating on shares of Honeywell International in a research report on Thursday, September 6th. UBS Group raised their target price on Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Barclays raised their target price on Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Finally, Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research report on Friday, August 24th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $172.94.
Shares of NYSE HON traded down $0.60 during midday trading on Friday, reaching $165.11. The company had a trading volume of 1,939,128 shares, compared to its average volume of 2,361,272. Honeywell International Inc. has a one year low of $137.18 and a one year high of $166.01. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The firm has a market cap of $121.71 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The company had revenue of $10.92 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the company posted $1.80 EPS. Honeywell International’s revenue for the quarter was up 8.3% on a year-over-year basis. equities research analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.80%. Honeywell International’s dividend payout ratio is presently 41.91%.
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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