Honeywell International Inc. (HON) is Mar Vista Investment Partners LLC’s 6th Largest Position
Mar Vista Investment Partners LLC lessened its holdings in Honeywell International Inc. (NYSE:HON) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850,529 shares of the conglomerate’s stock after selling 15,302 shares during the quarter. Honeywell International accounts for 4.7% of Mar Vista Investment Partners LLC’s investment portfolio, making the stock its 6th largest position. Mar Vista Investment Partners LLC owned approximately 0.11% of Honeywell International worth $113,367,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in HON. Vanguard Group Inc. grew its stake in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the period. BlackRock Inc. grew its stake in shares of Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after acquiring an additional 3,728,533 shares during the period. FMR LLC grew its stake in shares of Honeywell International by 9.3% during the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after acquiring an additional 714,881 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after acquiring an additional 629,221 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value 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 approximately $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Deutsche Bank reissued a “buy” rating and set a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Credit Suisse Group reissued a “neutral” rating and set a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Royal Bank Of Canada increased their price objective on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Finally, Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $154.00.
Shares of Honeywell International Inc. (HON) traded up $0.52 on Wednesday, reaching $153.58. The company had a trading volume of 670,282 shares, compared to its average volume of 2,712,156. The stock has a market cap of $117,145.48, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.36 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 Inc. has a twelve month low of $112.66 and a twelve month high of $156.70.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current 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 issued a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
COPYRIGHT VIOLATION WARNING: “Honeywell International Inc. (HON) is Mar Vista Investment Partners LLC’s 6th Largest Position” was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/honeywell-international-inc-hon-is-mar-vista-investment-partners-llcs-6th-largest-position/1747578.html.
About Honeywell International
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.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.