Public Sector Pension Investment Board cut its position in Honeywell International Inc. (NYSE:HON) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 168,398 shares of the company’s stock after selling 2,200 shares during the period. Public Sector Pension Investment Board’s holdings in Honeywell International were worth $19,509,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of HON. CWM LLC boosted its position in Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the company’s stock worth $100,000 after buying an additional 274 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock worth $104,000 after buying an additional 10 shares in the last quarter. Assetmark Inc. boosted its position in Honeywell International by 2.6% in the third quarter. Assetmark Inc. now owns 900 shares of the company’s stock worth $105,000 after buying an additional 23 shares in the last quarter. Global X Management Co. LLC boosted its position in Honeywell International by 150.5% in the third quarter. Global X Management Co. LLC now owns 942 shares of the company’s stock worth $110,000 after buying an additional 566 shares in the last quarter. Finally, Hall Laurie J Trustee purchased a new position in Honeywell International during the fourth quarter worth approximately $119,000. 76.17% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) opened at 126.50 on Tuesday. The stock has a 50 day moving average of $123.61 and a 200 day moving average of $116.44. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $127.52. The company has a market cap of $96.29 billion, a price-to-earnings ratio of 20.40 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, January 27th. The company reported $1.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.74. The business earned $9.99 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. Analysts forecast that Honeywell International Inc. will post $7.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is 43.39%.
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A number of equities analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $133.00 price target (up from $130.00) on shares of Honeywell International in a research note on Monday, December 19th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $148.00 price target (up from $134.00) on shares of Honeywell International in a research note on Friday, March 3rd. Morgan Stanley lifted their price target on shares of Honeywell International from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, January 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Honeywell International in a research note on Thursday, December 15th. Finally, Zacks Investment Research cut shares of Honeywell International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $129.99.
In other news, Director Linnet F. Deily sold 1,690 shares of the stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $116.74, for a total value of $197,290.60. Following the completion of the sale, the director now directly owns 4,269 shares in the company, valued at $498,363.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.83% of the stock is owned by corporate insiders.
About Honeywell International
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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