Dodge & Cox Has $1,004,000 Position in Honeywell International Inc. (HON)
Dodge & Cox continued to hold its position in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,531 shares of the conglomerate’s stock at the close of the second quarter. Dodge & Cox’s holdings in Honeywell International were worth $1,004,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HON. Hanson McClain Inc. increased its holdings in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. Burt Wealth Advisors increased its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Guidant Wealth Advisors increased its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the period. Mosaic Family Wealth LLC increased its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the period. Finally, CKW Financial Group bought a new position in shares of Honeywell International in the second quarter worth $108,000. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE HON) traded down $1.56 during trading hours on Monday, reaching $154.40. 3,013,400 shares of the company traded hands, compared to its average volume of 2,710,396. Honeywell International Inc. has a one year low of $112.17 and a one year high of $156.70. The stock has a market capitalization of $117,625.43, a price-to-earnings ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99. 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 announced 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. 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 during the quarter, compared to analyst estimates of $10.05 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.93%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 45.15%.
In other Honeywell International news, 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 completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
HON has been the topic of several research analyst reports. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Cowen reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Morgan Stanley upped their target price on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Finally, Jefferies Group reiterated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average price target of $151.92.
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.
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