Ffcm LLC lessened its holdings in Honeywell International Inc. (NYSE:HON) by 15.8% during the third quarter, HoldingsChannel reports. The firm owned 22,971 shares of the conglomerate’s stock after selling 4,299 shares during the period. Ffcm LLC’s holdings in Honeywell International were worth $3,822,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in HON. American Century Companies Inc. lifted its position in shares of Honeywell International by 76.2% in the third quarter. American Century Companies Inc. now owns 1,559,164 shares of the conglomerate’s stock worth $259,445,000 after purchasing an additional 674,377 shares in the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Honeywell International in the second quarter worth $91,840,000. Bank of Montreal Can lifted its position in shares of Honeywell International by 79.6% in the third quarter. Bank of Montreal Can now owns 1,296,521 shares of the conglomerate’s stock worth $213,439,000 after purchasing an additional 574,501 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Honeywell International by 1,011.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 518,603 shares of the conglomerate’s stock worth $86,296,000 after purchasing an additional 471,934 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Honeywell International by 64.0% in the second quarter. Renaissance Technologies LLC now owns 990,300 shares of the conglomerate’s stock worth $142,653,000 after purchasing an additional 386,300 shares in the last quarter. 70.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of HON opened at $143.26 on Monday. The stock has a market capitalization of $106.05 billion, a PE ratio of 20.15, a P/E/G ratio of 1.83 and a beta of 1.04. Honeywell International Inc. has a fifty-two week low of $139.30 and a fifty-two week 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be given a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 2.29%. Honeywell International’s dividend payout ratio is presently 46.13%.
In related news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total value of $1,944,742.00. Following the transaction, the director now directly owns 13,607 shares in the company, valued at $1,974,783.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the completion of the transaction, the director now owns 25,764 shares in the company, valued at $3,841,670.04. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
Several analysts have issued reports on HON shares. Gordon Haskett started coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “buy” rating on the stock. Morgan Stanley set a $170.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research report on Monday, October 22nd. Credit Suisse Group dropped their price target on shares of Honeywell International from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 30th. Oppenheimer upped their price target on shares of Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 26th. Finally, Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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