Congress Asset Management Co. MA raised its position in shares of Honeywell International Inc. (NYSE:HON) by 29.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,402 shares of the conglomerate’s stock after buying an additional 542 shares during the period. Congress Asset Management Co. MA’s holdings in Honeywell International were worth $400,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. CX Institutional acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $100,000. Jolley Asset Management LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $104,000. Fort L.P. acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $118,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $125,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Honeywell International by 267.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 886 shares of the conglomerate’s stock valued at $128,000 after purchasing an additional 645 shares during the period. 75.05% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on HON. HSBC downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a report on Tuesday, October 2nd. Oppenheimer upped their target price on Honeywell International from $172.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, September 26th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Deutsche Bank upped their target price on Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a report on Friday, September 28th. Finally, JPMorgan Chase & Co. reiterated a “positive” rating on shares of Honeywell International in a report on Thursday, September 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $172.90.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The firm had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.26%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is presently 41.91%.
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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