United Bank lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 12.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,721 shares of the conglomerate’s stock after selling 930 shares during the quarter. United Bank’s holdings in Honeywell International were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in HON. Capital Research Global Investors grew its position in Honeywell International by 49.0% in the 3rd quarter. Capital Research Global Investors now owns 2,119,166 shares of the conglomerate’s stock worth $449,857,000 after purchasing an additional 696,459 shares during the last quarter. Morgan Stanley lifted its stake in shares of Honeywell International by 5.3% in the 2nd quarter. Morgan Stanley now owns 12,135,673 shares of the conglomerate’s stock worth $2,661,961,000 after acquiring an additional 613,394 shares during the period. Renaissance Technologies LLC acquired a new stake in Honeywell International during the fourth quarter valued at approximately $114,243,000. ProShare Advisors LLC lifted its stake in Honeywell International by 49.4% during the fourth quarter. ProShare Advisors LLC now owns 1,507,191 shares of the conglomerate’s stock valued at $314,263,000 after purchasing an additional 498,045 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Honeywell International during the fourth quarter valued at approximately $94,784,000. 74.27% of the stock is owned by institutional investors and hedge funds.
In other Honeywell International news, CEO Darius Adamczyk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $194.52, for a total transaction of $7,780,800.00. Following the completion of the sale, the chief executive officer now owns 165,015 shares of the company’s stock, valued at approximately $32,098,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.
Honeywell International (NASDAQ:HON – Get Rating) last posted its quarterly earnings data on Friday, April 29th. The conglomerate reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. Honeywell International’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. Equities analysts predict that Honeywell International Inc. will post 8.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 13th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 12th. Honeywell International’s dividend payout ratio is currently 52.06%.
HON has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Honeywell International from $196.00 to $203.00 in a report on Monday, May 2nd. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $203.00 price target on the stock in a research note on Tuesday, March 22nd. Citigroup upped their price objective on shares of Honeywell International from $229.00 to $232.00 in a report on Monday, May 2nd. StockNews.com assumed coverage on shares of Honeywell International in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Credit Suisse Group reduced their price target on shares of Honeywell International from $226.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, February 4th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $227.14.
About Honeywell International (Get Rating)
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems, as well as wireless connectivity and management services.
- Get a free copy of the StockNews.com research report on Honeywell International (HON)
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