Campbell Newman Asset Management Inc. lessened its position in Honeywell International Inc. (NYSE:HON) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,421 shares of the conglomerate’s stock after selling 5,211 shares during the quarter. Honeywell International accounts for approximately 3.0% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 11th largest holding. Campbell Newman Asset Management Inc.’s holdings in Honeywell International were worth $17,548,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of Honeywell International by 4,986.7% during the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after buying an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after buying an additional 3,728,533 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Honeywell International by 69.6% during the fourth quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after buying an additional 1,373,600 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after buying an additional 1,234,672 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) opened at $155.12 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a 1-year low of $122.40 and a 1-year high of $165.13. The company has a market cap of $116,650.00, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business posted $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% compared to the same quarter last year. equities analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International announced that its Board of Directors has approved a stock buyback program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.745 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 1.92%. Honeywell International’s dividend payout ratio (DPR) is presently 69.63%.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.56% of the company’s stock.
Several analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a research note on Friday, February 16th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays assumed coverage on Honeywell International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $170.00 target price on the stock. TheStreet cut Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Finally, Robert W. Baird reissued a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a research note on Friday, January 26th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $165.67.
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About Honeywell International
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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