Rockefeller Capital Management L.P. lowered its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,846 shares of the conglomerate’s stock after selling 1,310 shares during the period. Rockefeller Capital Management L.P.’s holdings in Honeywell International were worth $19,277,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Weatherly Asset Management L. P. increased its holdings in Honeywell International by 3.9% in the 2nd quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock worth $1,231,000 after purchasing an additional 323 shares in the last quarter. Parthenon LLC increased its holdings in Honeywell International by 16.0% in the 2nd quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock worth $345,000 after purchasing an additional 330 shares in the last quarter. Bank of The Ozarks increased its holdings in Honeywell International by 3.1% in the 2nd quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock worth $1,603,000 after purchasing an additional 334 shares in the last quarter. Cardinal Capital Management Inc. increased its holdings in Honeywell International by 0.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock worth $19,031,000 after purchasing an additional 335 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its holdings in Honeywell International by 40.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after purchasing an additional 345 shares in the last quarter. 71.42% of the stock is owned by institutional investors.
HON has been the topic of a number of analyst reports. Credit Suisse Group reduced their price target on Honeywell International from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 30th. Citigroup set a $186.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. UBS Group upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, $1 reiterated an “outperform” rating and issued a $177.00 price target (down previously from $184.00) on shares of Honeywell International in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $172.90.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The business 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.18%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is presently 41.91%.
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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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