Fulton Bank N.A. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 7.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,100 shares of the conglomerate’s stock after purchasing an additional 1,347 shares during the quarter. Fulton Bank N.A.’s holdings in Honeywell International were worth $2,707,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after buying an additional 3,728,533 shares during the last quarter. FMR LLC boosted its holdings in shares of Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after buying an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after buying an additional 629,221 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Cowen reissued a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a report on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Citigroup raised their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and set 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 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $159.79.
Honeywell International Inc. (HON) traded up $1.02 during trading on Friday, hitting $154.25. 3,820,766 shares of the stock traded hands, compared to its average volume of 2,812,974. The company has a market capitalization of $116,647.13, a PE ratio of 22.18, a P/E/G ratio of 2.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 52-week low of $113.60 and a 52-week high of $156.70.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the previous year, the business posted $1.60 earnings per share. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. sell-side analysts expect that Honeywell International Inc. will post 7.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.745 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. Honeywell International’s payout ratio is 45.15%.
Honeywell International announced that its Board of Directors has initiated a share buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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.
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