Lincluden Management Ltd. lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 49.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,548 shares of the conglomerate’s stock after selling 20,367 shares during the period. Lincluden Management Ltd.’s holdings in Honeywell International were worth $3,419,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in HON. American Century Companies Inc. grew its holdings in shares of Honeywell International by 76.2% during the third quarter. American Century Companies Inc. now owns 1,559,164 shares of the conglomerate’s stock worth $259,445,000 after purchasing an additional 674,377 shares during the last quarter. Putnam Investments LLC lifted its stake in shares of Honeywell International by 40.1% during the third quarter. Putnam Investments LLC now owns 2,171,468 shares of the conglomerate’s stock valued at $358,292,000 after acquiring an additional 621,840 shares during the period. Bank of Montreal Can lifted its stake in shares of Honeywell International by 79.6% during the third quarter. Bank of Montreal Can now owns 1,296,521 shares of the conglomerate’s stock valued at $213,439,000 after acquiring an additional 574,501 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Honeywell International by 70.6% during the third quarter. Panagora Asset Management Inc. now owns 1,221,154 shares of the conglomerate’s stock valued at $203,200,000 after acquiring an additional 505,227 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Honeywell International by 1,011.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 518,603 shares of the conglomerate’s stock valued at $86,296,000 after acquiring an additional 471,934 shares during the period. Institutional investors own 71.12% of the company’s stock.
Several equities analysts have recently issued reports on HON shares. Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research note on Friday, August 24th. Argus reissued a “buy” rating on shares of Honeywell International in a research note on Monday, October 22nd. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. UBS Group increased their price target on Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Finally, Deutsche Bank increased their price objective on Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $172.11.
Shares of HON opened at $135.18 on Wednesday. Honeywell International Inc. has a 52-week low of $133.58 and a 52-week high of $167.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The firm has a market capitalization of $99.48 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.04.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. Equities research analysts expect that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 16th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, November 15th. Honeywell International’s payout ratio is currently 46.13%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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