MU Investments Co. Ltd. Has $5.55 Million Holdings in Honeywell International Inc. (HON)
MU Investments Co. Ltd. cut its position in Honeywell International Inc. (NYSE:HON) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,000 shares of the conglomerate’s stock after selling 2,800 shares during the quarter. Honeywell International comprises about 3.8% of MU Investments Co. Ltd.’s portfolio, making the stock its 20th largest holding. MU Investments Co. Ltd.’s holdings in Honeywell International were worth $5,549,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Janus Henderson Group PLC raised its holdings in Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after purchasing an additional 4,308,688 shares during the period. Ameriprise Financial Inc. raised its holdings in Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares during the period. Vanguard Group Inc. raised its holdings in Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after purchasing an additional 1,234,672 shares during the period. BlackRock Inc. raised its holdings in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the period. Finally, Bain Capital Public Equity Management LLC acquired a new stake in Honeywell International in the second quarter worth $151,186,000. Institutional investors own 76.08% 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 $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Deutsche Bank reissued a “buy” rating and set a $171.00 price objective on shares of Honeywell International in a research report on Tuesday, November 28th. Bank of America increased their price objective on shares of Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. UBS Group initiated coverage on shares of Honeywell International in a research report on Monday, January 22nd. They set a “buy” rating for the company. Finally, Jefferies Group increased their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average target price of $163.93.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is currently 69.63%.
Honeywell International declared that its board has authorized a share repurchase plan on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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