Engineers Gate Manager LP Takes $739,000 Position in Honeywell International Inc. (HON)
Engineers Gate Manager LP acquired a new stake in Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,541 shares of the conglomerate’s stock, valued at approximately $739,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hanson McClain Inc. raised its holdings in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares in the last quarter. Burt Wealth Advisors raised its holdings in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares in the last quarter. Guidant Wealth Advisors raised its holdings in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Finally, Jolley Asset Management LLC raised its holdings in Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares in the last quarter. 76.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (HON) opened at $146.49 on Friday. The firm has a market capitalization of $111,599.45, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 52-week low of $111.78 and a 52-week high of $147.60. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The business’s revenue was up 3.2% on a year-over-year basis. analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The business 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 $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 45.15%.
HON has been the subject of several analyst reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a report on Thursday, August 24th. BidaskClub cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a report on Tuesday, August 22nd. Royal Bank Of Canada lifted their price target on Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Finally, Citigroup Inc. lifted their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $150.79.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the company’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 owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Insiders sold a total of 20,242 shares of company stock worth $2,889,943 in the last quarter. Corporate insiders own 1.56% of the company’s stock.
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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