Mitsubishi UFJ Trust & Banking Corp Has $199.31 Million Stake in Honeywell International Inc. (HON)
Mitsubishi UFJ Trust & Banking Corp lifted its position in Honeywell International Inc. (NYSE:HON) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495,306 shares of the conglomerate’s stock after acquiring an additional 14,800 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Honeywell International worth $199,309,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. Burt Wealth Advisors lifted its stake in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the last quarter. Guidant Wealth Advisors lifted its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the last quarter. Finally, Jolley Asset Management LLC lifted its stake in Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.
HON has been the subject of a number of analyst reports. Cowen and Company reiterated a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a research note on Monday, July 17th. Zacks Investment Research upgraded 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. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 target price (up from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. Finally, Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $150.79.
In other news, insider Rajeev Gautam sold 5,840 shares of the business’s 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 approximately $2,268,477.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at $144.97 on Friday. The stock has a market cap of $110,441.48, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.97. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a fifty-two week low of $108.01 and a fifty-two week high of $147.00.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. equities research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal 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. This represents a $2.98 annualized dividend and a yield of 2.06%. 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 40.30%.
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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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