Uniplan Investment Counsel Inc. Has $14.08 Million Holdings in Honeywell International Inc. (HON)
Uniplan Investment Counsel Inc. reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 34.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,662 shares of the conglomerate’s stock after selling 55,700 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Honeywell International were worth $14,084,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in Honeywell International by 8.8% during the 1st 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. Alliancebernstein L.P. increased its stake in Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares in the last quarter. Clearbridge Investments LLC increased its stake in Honeywell International by 69.2% during the 1st 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. Legal & General Group Plc increased its stake in Honeywell International by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock valued at $490,685,000 after purchasing an additional 127,788 shares in the last quarter. Finally, Swiss National Bank increased its stake in Honeywell International by 3.0% during the 2nd quarter. Swiss National Bank now owns 2,642,073 shares of the conglomerate’s stock valued at $352,162,000 after purchasing an additional 76,600 shares in the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
HON has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Thursday, August 24th. BidaskClub lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Citigroup Inc. raised their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $156.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $150.79.
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Honeywell International Inc. (NYSE:HON) opened at $148.99 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market cap of $113,778.23, a P/E ratio of 21.49, a P/E/G ratio of 2.29 and a beta of 0.97. Honeywell International Inc. has a 1-year low of $112.17 and a 1-year high of $149.81.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. analysts expect that Honeywell International Inc. will post 7.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.745 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. 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 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
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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