CIBC Asset Management Inc lifted its holdings in Honeywell International Inc. (NYSE:HON) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,315 shares of the conglomerate’s stock after purchasing an additional 879 shares during the period. CIBC Asset Management Inc’s holdings in Honeywell International were worth $12,366,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. HL Financial Services LLC increased its stake in shares of Honeywell International by 2.6% in the 3rd quarter. HL Financial Services LLC now owns 78,331 shares of the conglomerate’s stock valued at $13,034,000 after purchasing an additional 2,013 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Honeywell International by 9.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 118,034 shares of the conglomerate’s stock valued at $19,641,000 after purchasing an additional 9,759 shares in the last quarter. Usca Ria LLC increased its stake in shares of Honeywell International by 8.2% in the 3rd quarter. Usca Ria LLC now owns 6,703 shares of the conglomerate’s stock valued at $1,115,000 after purchasing an additional 506 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Honeywell International in the 3rd quarter valued at about $682,000. Finally, WESPAC Advisors LLC increased its stake in Honeywell International by 48.1% during the 3rd quarter. WESPAC Advisors LLC now owns 17,587 shares of the conglomerate’s stock worth $2,926,000 after buying an additional 5,710 shares in the last quarter. Hedge funds and other institutional investors own 71.42% of the company’s stock.
HON has been the subject of several research reports. Morgan Stanley initiated coverage on Honeywell International in a research note on Monday, August 20th. They set an “overweight” rating and a $175.00 price objective for the company. HSBC lowered Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price objective for the company. in a research note on Tuesday, October 2nd. Barclays boosted their price objective on Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Argus reiterated a “buy” rating on shares of Honeywell International in a research note on Monday, October 22nd. Finally, Citigroup cut their price objective on Honeywell International from $194.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. One 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 stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $172.90.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The business had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. As a group, analysts expect that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.
The business also recently announced 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. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, November 15th. Honeywell International’s payout ratio is currently 41.91%.
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About Honeywell International
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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