USS Investment Management Ltd purchased a new stake in Honeywell International Inc. (NYSE:HON) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 149,100 shares of the conglomerate’s stock, valued at approximately $19,874,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Clearbridge Investments LLC raised its stake in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after acquiring an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC raised its stake in Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after acquiring an additional 1,791,394 shares during the period. Ameriprise Financial Inc. raised its stake in Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after acquiring an additional 773,734 shares during the period. American Century Companies Inc. raised its stake in Honeywell International by 450.7% in the 2nd quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock valued at $120,072,000 after acquiring an additional 737,262 shares during the period. Finally, Swiss National Bank raised its stake in Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after acquiring an additional 552,100 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at $144.97 on Friday. The firm has a market capitalization of $110.78 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 EPS. equities research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current year.

The firm also recently disclosed 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. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.06%. Honeywell International’s dividend payout ratio (DPR) is 40.30%.

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In related news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

A number of research firms recently weighed in on HON. Royal Bank Of Canada increased their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Credit Suisse Group reiterated a “neutral” rating and set a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Citigroup Inc increased their price objective on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Finally, Cowen and Company reiterated a “buy” rating and set a $150.00 price objective on shares of Honeywell International in a research report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $150.79.

Honeywell International 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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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