Nippon Life Global Investors Americas Inc. grew its position in shares of Honeywell International Inc. (NYSE:HON) by 157.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,890 shares of the conglomerate’s stock after acquiring an additional 68,510 shares during the quarter. Honeywell International accounts for 1.3% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 23rd biggest position. Nippon Life Global Investors Americas Inc.’s holdings in Honeywell International were worth $14,915,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in HON. Hanson McClain Inc. boosted its holdings in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Guidant Wealth Advisors boosted its holdings in shares of Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the last quarter. Jolley Asset Management LLC boosted its holdings in shares of Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. CKW Financial Group acquired a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $108,000. Finally, MCF Advisors LLC boosted its holdings in shares of Honeywell International by 55.8% in the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the last quarter. 75.73% of the stock is owned by hedge funds and other institutional investors.
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Honeywell International Inc. (NYSE HON) opened at 143.44 on Thursday. The company has a market cap of $109.10 billion, a PE ratio of 22.24 and a beta of 0.95. The firm’s 50-day moving average price is $140.41 and its 200 day moving average price is $134.83. Honeywell International Inc. has a 52-week low of $107.51 and a 52-week high of $145.30.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders 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 is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. Honeywell International’s payout ratio is presently 41.24%.
In other Honeywell International news, SVP Katherine L. Adams sold 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.24, for a total value of $137,240.00. Following the sale, the senior vice president now directly owns 180,211 shares in the company, valued at $24,732,157.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,108 shares of company stock worth $48,886,463. Corporate insiders own 1.56% of the company’s stock.
Several equities research analysts have recently commented on the company. Argus increased their price objective on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and issued a $156.00 price objective (up previously from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Cowen and Company reissued a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a report on Tuesday, October 10th. Citigroup Inc. increased their price objective on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $149.52.
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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