Rhumbline Advisers Purchases 14,827 Shares of Honeywell International Inc. (NYSE:HON)
Rhumbline Advisers raised its position in Honeywell International Inc. (NYSE:HON) by 1.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,251,267 shares of the conglomerate’s stock after purchasing an additional 14,827 shares during the period. Rhumbline Advisers’ holdings in Honeywell International were worth $198,851,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Oregon Public Employees Retirement Fund raised its stake in shares of Honeywell International by 12,075.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after purchasing an additional 21,985,685 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $260,607,000. Millennium Management LLC raised its stake in shares of Honeywell International by 146.7% in the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock valued at $290,691,000 after purchasing an additional 1,308,339 shares during the period. Two Sigma Advisers LP raised its stake in shares of Honeywell International by 117.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock valued at $187,139,000 after purchasing an additional 766,200 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Honeywell International by 51.3% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock valued at $217,023,000 after purchasing an additional 557,009 shares during the period. 75.78% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research note on Monday, April 8th. Deutsche Bank lifted their price target on Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Morgan Stanley lifted their price target on Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Credit Suisse Group lifted their price target on Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $175.20.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. The business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. Honeywell International’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 earnings per share. As a group, equities analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, May 23rd. Honeywell International’s dividend payout ratio is currently 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by insiders.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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