Ascension Asset Management LLC reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 12.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,517 shares of the conglomerate’s stock after selling 1,675 shares during the quarter. Honeywell International accounts for about 1.8% of Ascension Asset Management LLC’s holdings, making the stock its 19th biggest position. Ascension Asset Management LLC’s holdings in Honeywell International were worth $1,949,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors LLC grew its holdings in shares of Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Honeywell International during the second quarter valued at about $25,000. Investors Research Corp grew its holdings in shares of Honeywell International by 678.3% during the third quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock valued at $30,000 after buying an additional 156 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new position in shares of Honeywell International during the second quarter valued at about $31,000. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of Honeywell International by 2,371.4% during the second quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock valued at $31,000 after buying an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.
HON has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price objective for the company in a report on Monday. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Cowen set a $180.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research report on Friday, October 18th. Barclays raised their price target on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada set a $177.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $185.00.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $2.01 by $0.07. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Analysts forecast that Honeywell International Inc. will post 8.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.90 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.13%. Honeywell International’s payout ratio is currently 40.95%.
In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of Honeywell International stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now directly owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,133 shares of company stock worth $4,141,655. Insiders own 0.73% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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