Private Advisor Group LLC cut its position in shares of Honeywell International Inc. (NYSE:HON) by 33.6% during the 4th quarter, Holdings Channel reports. The firm owned 30,682 shares of the conglomerate’s stock after selling 15,495 shares during the period. Private Advisor Group LLC’s holdings in Honeywell International were worth $4,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Welch Group LLC acquired a new stake in Honeywell International in the fourth quarter worth $100,000. Mascoma Wealth Management LLC increased its position in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the period. Invictus RG acquired a new stake in Honeywell International in the third quarter worth $117,000. Tower Research Capital LLC TRC increased its position in Honeywell International by 772.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock worth $137,000 after buying an additional 912 shares during the period. Finally, Bruderman Asset Management LLC acquired a new stake in Honeywell International in the second quarter worth $141,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a research report on Friday, February 16th. Barclays assumed coverage on Honeywell International in a research report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 target price on the stock. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet lowered Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average target price of $166.73.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
Honeywell International Inc. (NYSE HON) opened at $146.88 on Friday. The company has a market capitalization of $113,823.02, a price-to-earnings ratio of 21.44, a PEG ratio of 2.14 and a beta of 0.98. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a fifty-two week low of $122.40 and a fifty-two week high of $165.13.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. sell-side analysts predict that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is 143.27%.
Honeywell International declared that its board has initiated a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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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