Honeywell International Inc. (HON) Shares Sold by Texas Permanent School Fund
Texas Permanent School Fund cut its stake in Honeywell International Inc. (NYSE:HON) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,195 shares of the conglomerate’s stock after selling 8,213 shares during the period. Texas Permanent School Fund’s holdings in Honeywell International were worth $28,550,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC increased its stake in shares of Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Honeywell International by 13,551.7% during the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Honeywell International by 8.8% during the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares in the last quarter. Swiss National Bank increased its stake in shares of Honeywell International by 27.4% during the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares in the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Honeywell International by 3,023.8% during the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after purchasing an additional 543,617 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
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A number of equities analysts have weighed in on HON shares. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday, August 17th. Deutsche Bank AG reissued a “buy” rating and set a $154.00 price target on shares of Honeywell International in a research report on Thursday, September 21st. Jefferies Group LLC reissued a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Thursday, September 28th. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $142.22.
Shares of Honeywell International Inc. (NYSE HON) opened at 143.07 on Friday. The firm has a 50-day moving average of $138.62 and a 200-day moving average of $133.60. The company has a market cap of $108.81 billion, a P/E ratio of 22.18 and a beta of 0.95. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $143.75.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 41.24%.
In other news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction on Wednesday, August 23rd. The shares were 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 $2,268,477.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction 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 sale, the insider now owns 294,155 shares in the company, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock worth $48,886,463 in 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.
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