Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 65,197 shares of the conglomerate’s stock after purchasing an additional 768 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Honeywell International were worth $11,383,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of HON. Fishman Jay A Ltd. MI lifted its stake in shares of Honeywell International by 3.8% in the 4th quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock valued at $5,079,000 after purchasing an additional 1,390 shares during the period. Flinton Capital Management LLC lifted its stake in shares of Honeywell International by 23.2% in the 4th quarter. Flinton Capital Management LLC now owns 32,096 shares of the conglomerate’s stock valued at $4,241,000 after purchasing an additional 6,052 shares during the period. Berman Capital Advisors LLC lifted its stake in shares of Honeywell International by 59.1% in the 4th quarter. Berman Capital Advisors LLC now owns 3,366 shares of the conglomerate’s stock valued at $444,000 after purchasing an additional 1,251 shares during the period. Oakworth Capital Inc. lifted its stake in shares of Honeywell International by 36.7% in the 4th quarter. Oakworth Capital Inc. now owns 965 shares of the conglomerate’s stock valued at $128,000 after purchasing an additional 259 shares during the period. Finally, Roundview Capital LLC lifted its stake in shares of Honeywell International by 21.7% in the 4th quarter. Roundview Capital LLC now owns 13,631 shares of the conglomerate’s stock valued at $1,801,000 after purchasing an additional 2,434 shares during the period. Institutional investors own 76.86% of the company’s stock.
A number of research analysts have recently commented on the company. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research note on Monday, July 22nd. Citigroup set a $197.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group raised their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Credit Suisse Group raised their target price on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $183.15.
NYSE:HON traded down $2.52 during trading hours on Friday, reaching $167.03. 82,458 shares of the company traded hands, compared to its average volume of 2,023,743. The firm has a 50-day moving average price of $174.47. The firm has a market capitalization of $120.97 billion, a PE ratio of 20.86, a P/E/G ratio of 2.31 and a beta of 1.10. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. As a group, analysts anticipate that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s payout ratio is 40.95%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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