Candriam Luxembourg S.C.A. reduced its stake in Honeywell International Inc. (NYSE:HON) by 12.7% in the third quarter, HoldingsChannel.com reports. The fund owned 78,241 shares of the conglomerate’s stock after selling 11,410 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Honeywell International were worth $13,019,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of HON. Welch Group LLC acquired a new stake in Honeywell International during the third quarter valued at approximately $108,000. Fort L.P. acquired a new stake in Honeywell International during the second quarter valued at approximately $118,000. Kiley Juergens Wealth Management LLC acquired a new stake in Honeywell International during the second quarter valued at approximately $125,000. Qube Research & Technologies Ltd lifted its stake in Honeywell International by 267.6% during the second 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 last quarter. Finally, Quad Cities Investment Group LLC acquired a new stake in Honeywell International during the second quarter valued at approximately $131,000. 71.58% of the stock is owned by institutional investors.
In other news, Director D Scott Davis sold 3,963 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the sale, the director now owns 25,764 shares in the company, valued at $3,841,670.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.33% of the stock is owned by insiders.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued 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 dividend yield of 2.21%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is currently 41.91%.
Several analysts recently commented on HON shares. Citigroup increased their target price on shares of Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. Barclays increased their target price on shares of Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. UBS Group increased their target price on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Cowen reissued a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research note on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $172.90.
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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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