Jarislowsky Fraser Ltd Buys 5,101 Shares of Honeywell International Inc. (HON)
Jarislowsky Fraser Ltd grew its stake in Honeywell International Inc. (NYSE:HON) by 53.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,703 shares of the conglomerate’s stock after acquiring an additional 5,101 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Honeywell International were worth $2,084,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Intrust Bank NA increased its position in shares of Honeywell International by 8.1% during the 3rd quarter. Intrust Bank NA now owns 11,437 shares of the conglomerate’s stock worth $1,622,000 after purchasing an additional 858 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of Honeywell International by 238.5% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 153,080 shares of the conglomerate’s stock worth $21,587,000 after purchasing an additional 107,851 shares during the last quarter. Sei Investments Co. increased its position in shares of Honeywell International by 6.7% during the 3rd quarter. Sei Investments Co. now owns 373,935 shares of the conglomerate’s stock worth $53,002,000 after purchasing an additional 23,467 shares during the last quarter. Wrapmanager Inc. acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $211,000. Finally, HL Financial Services LLC increased its position in shares of Honeywell International by 2.4% during the 3rd quarter. HL Financial Services LLC now owns 57,439 shares of the conglomerate’s stock worth $8,142,000 after purchasing an additional 1,329 shares during the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (HON) opened at $154.74 on Tuesday. Honeywell International Inc. has a twelve month low of $116.66 and a twelve month high of $156.70. The company has a market capitalization of $117,110.00, a PE ratio of 23.45, a P/E/G ratio of 2.37 and a beta of 0.99. 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 announced its 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 company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the business posted $1.60 EPS. Honeywell International’s revenue for the quarter was up 3.2% on a year-over-year basis. equities analysts anticipate that Honeywell International Inc. will post 7.1 earnings per share for the current fiscal year.
Honeywell International declared that its Board of Directors has initiated a stock repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of brokerages recently issued reports on HON. Citigroup set a $180.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus cut their price objective on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Oppenheimer raised their price objective on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Jefferies Group raised their price objective on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada raised their price objective on Honeywell International to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and a consensus price target of $160.14.
In other news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International 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 completion of the transaction, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International 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 transaction, the vice president now owns 104,998 shares of the company’s stock, 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.
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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.
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