Twin Capital Management Inc. purchased a new stake in Honeywell International Inc. (NYSE:HON) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 39,440 shares of the conglomerate’s stock, valued at approximately $6,886,000.
Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after acquiring an additional 478,988 shares during the period. Clearbridge Investments LLC grew its position in Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after acquiring an additional 544,684 shares during the period. Janus Henderson Group PLC grew its position in Honeywell International by 131.0% in the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after acquiring an additional 1,610,006 shares during the period. Thoroughbred Financial Services LLC grew its position in Honeywell International by 18,092.3% in the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after acquiring an additional 2,539,617 shares during the period. Finally, Millennium Management LLC grew its position in Honeywell International by 146.7% in the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after acquiring an additional 1,308,339 shares during the period. 77.29% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the sale, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.
Shares of HON traded down $1.38 during midday trading on Thursday, hitting $162.66. 828,598 shares of the stock were exchanged, compared to its average volume of 2,508,685. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The stock’s fifty day moving average is $172.44. The firm has a market cap of $118.72 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.20 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period last year, the firm earned $2.12 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is currently 40.95%.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Monday, July 22nd. Jefferies Financial Group increased their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley increased their price objective on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $184.08.
About Honeywell International
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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