BlackRock Inc. Has $6 Billion Holdings in Honeywell International Inc. (HON)

BlackRock Inc. raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 45,038,036 shares of the conglomerate’s stock after purchasing an additional 1,207,893 shares during the period. BlackRock Inc. owned approximately 5.92% of Honeywell International worth $6,003,117,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HON. Toronto Dominion Bank lifted its stake in Honeywell International by 55.3% in the first quarter. Toronto Dominion Bank now owns 208,015 shares of the conglomerate’s stock valued at $25,972,000 after purchasing an additional 74,037 shares during the last quarter. Scout Investments Inc. bought a new stake in Honeywell International during the 1st quarter valued at $309,000. Warren Averett Asset Management LLC bought a new stake in Honeywell International during the 1st quarter valued at $743,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Honeywell International during the 1st quarter valued at $287,000. Finally, Marble Harbor Investment Counsel LLC bought a new stake in Honeywell International during the 1st quarter valued at $213,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the 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 directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

A number of equities research analysts have issued reports on HON shares. Cowen reissued an “outperform” rating and set a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley upped their price target on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $154.00.

Honeywell International Inc. (NYSE HON) traded down $0.71 during midday trading on Wednesday, reaching $153.06. 2,582,400 shares of the company’s stock traded hands, compared to its average volume of 2,712,156. 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 Inc. has a twelve month low of $112.66 and a twelve month high of $156.70. The stock has a market capitalization of $117,145.48, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.75. The business had revenue of $10.12 billion during 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 company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. equities analysts expect that Honeywell International Inc. will post 7.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is currently 45.15%.

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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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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