Honeywell International Inc. (HON) Position Reduced by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,953 shares of the conglomerate’s stock after selling 6,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Honeywell International were worth $18,724,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in HON. Creative Planning raised its position in shares of Honeywell International by 3.9% in the first quarter. Creative Planning now owns 61,152 shares of the conglomerate’s stock valued at $7,636,000 after buying an additional 2,323 shares in the last quarter. FTB Advisors Inc. raised its position in shares of Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock valued at $272,000 after buying an additional 423 shares in the last quarter. Swiss National Bank raised its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares in the last quarter. Integrated Wealth Management raised its position in shares of Honeywell International by 5.2% in the first quarter. Integrated Wealth Management now owns 4,054 shares of the conglomerate’s stock valued at $506,000 after buying an additional 201 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock valued at $172,401,000 after buying an additional 74,611 shares in the last quarter. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded down 0.40% during midday trading on Tuesday, hitting $137.72. The company had a trading volume of 425,996 shares. The company has a market cap of $104.75 billion, a price-to-earnings ratio of 21.36 and a beta of 0.94. The stock’s 50-day moving average price is $136.05 and its 200-day moving average price is $129.73. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 27.40% and a net margin of 13.89%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the business earned $1.70 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
HON has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research note on Thursday, July 20th. BidaskClub lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada increased their price target on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated a “hold” rating and issued a $122.00 price target on shares of Honeywell International in a research note on Friday, April 21st. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $148.00 price target on shares of Honeywell International in a research note on Tuesday, April 25th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $139.17.
In related news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the transaction, the insider now owns 294,155 shares in the company, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $131.71, for a total value of $451,765.30. Following the transaction, the director now owns 8,731 shares of the company’s stock, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. Insiders sold a total of 473,229 shares of company stock valued at $64,546,642 over the last quarter. Company insiders own 1.56% of the company’s stock.
Honeywell International Company 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.
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.