Equitable Holdings Inc. reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,005 shares of the conglomerate’s stock after selling 512 shares during the quarter. Equitable Holdings Inc.’s holdings in Honeywell International were worth $4,468,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Honeywell International by 18.6% during the 3rd quarter. State Street Corp now owns 35,033,843 shares of the conglomerate’s stock worth $5,766,921,000 after acquiring an additional 5,484,767 shares during the period. BlackRock Inc. increased its stake in shares of Honeywell International by 4.8% in the fourth quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock valued at $9,111,162,000 after buying an additional 1,948,217 shares in the last quarter. Morgan Stanley lifted its position in shares of Honeywell International by 10.8% during the third quarter. Morgan Stanley now owns 11,348,328 shares of the conglomerate’s stock worth $1,868,049,000 after purchasing an additional 1,104,581 shares in the last quarter. First Trust Advisors LP boosted its position in Honeywell International by 138.6% in the 4th quarter. First Trust Advisors LP now owns 1,287,575 shares of the conglomerate’s stock valued at $273,867,000 after buying an additional 747,974 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in Honeywell International by 33.5% in the third quarter. TD Asset Management Inc. now owns 1,447,106 shares of the conglomerate’s stock worth $238,208,000 after purchasing an additional 362,958 shares during the period. Institutional investors and hedge funds own 75.97% of the company’s stock.
Several equities research analysts have weighed in on HON shares. Royal Bank of Canada increased their target price on shares of Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a report on Monday, February 1st. Barclays raised their target price on shares of Honeywell International from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, November 30th. Bank of America raised their target price on shares of Honeywell International from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. UBS Group upped their price objective on Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, January 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group lowered their price target on shares of Honeywell International from $230.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, February 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Hold” and a consensus price target of $193.33.
HON stock opened at $203.62 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.37 and a current ratio of 1.64. The company has a market capitalization of $141.62 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13. The business’s 50 day moving average price is $204.06 and its two-hundred day moving average price is $187.85. Honeywell International Inc. has a fifty-two week low of $101.08 and a fifty-two week high of $216.70.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the firm posted $2.06 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 7.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 12th. Investors of record on Friday, February 26th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, February 25th. Honeywell International’s dividend payout ratio (DPR) is 45.59%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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