Honeywell International Inc. (HON) Holdings Trimmed by IBM Retirement Fund

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IBM Retirement Fund lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 12.9% during the third quarter, Holdings Channel reports. The institutional investor owned 13,509 shares of the conglomerate’s stock after selling 2,001 shares during the quarter. IBM Retirement Fund’s holdings in Honeywell International were worth $2,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc increased its position in Honeywell International by 4.1% during the third quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock worth $1,577,000 after buying an additional 375 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Honeywell International by 4.7% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after buying an additional 6,316 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Honeywell International by 7,972.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after buying an additional 22,561 shares during the last quarter. Synovus Financial Corp increased its position in Honeywell International by 1.9% during the third quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock worth $17,476,000 after buying an additional 1,933 shares during the last quarter. Finally, New England Asset Management Inc. increased its position in Honeywell International by 467.0% during the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock worth $470,000 after buying an additional 2,685 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

HON has been the topic of a number of recent analyst reports. Citigroup boosted their price target on Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a research report on Monday, July 23rd. JPMorgan Chase & Co. upped their target price on Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. Barclays upped their target price on Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. UBS Group upped their target price on Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Cowen reaffirmed a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and an average price target of $172.90.

In related news, Director D Scott Davis sold 3,963 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was 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 of the company’s stock, valued at $3,841,670.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.33% of the company’s stock.

Honeywell International stock opened at $148.55 on Friday. Honeywell International Inc. has a 12 month low of $139.30 and a 12 month high of $167.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The company has a market capitalization of $109.97 billion, a PE ratio of 18.69, a PEG ratio of 1.90 and a beta of 1.04.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 7.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is currently 46.13%.

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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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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