Carnick & Kubik Group LLC increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,107 shares of the conglomerate’s stock after purchasing an additional 396 shares during the quarter. Carnick & Kubik Group LLC’s holdings in Honeywell International were worth $1,071,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Glenview State Bank Trust DEPT. increased its position in Honeywell International by 13.8% in the 4th quarter. Glenview State Bank Trust DEPT. now owns 11,698 shares of the conglomerate’s stock valued at $1,546,000 after acquiring an additional 1,423 shares during the period. Old Port Advisors acquired a new position in Honeywell International in the 4th quarter valued at approximately $3,183,000. Trust Co. of Vermont increased its position in Honeywell International by 0.9% in the 4th quarter. Trust Co. of Vermont now owns 69,648 shares of the conglomerate’s stock valued at $9,202,000 after acquiring an additional 635 shares during the period. Eagle Global Advisors LLC increased its position in Honeywell International by 1.0% in the 4th quarter. Eagle Global Advisors LLC now owns 88,738 shares of the conglomerate’s stock valued at $11,724,000 after acquiring an additional 876 shares during the period. Finally, Fiduciary Financial Services of The Southwest Inc. TX increased its position in Honeywell International by 0.5% in the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 42,865 shares of the conglomerate’s stock valued at $5,663,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 74.04% of the company’s stock.
Several research firms have recently weighed in on HON. Deutsche Bank increased their price objective on shares of Honeywell International to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. UBS Group reiterated a “top pick” rating on shares of Honeywell International in a research report on Thursday, January 10th. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective for the company in a research report on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $168.88.
In related news, VP Krishna Mikkilineni sold 28,281 shares of the stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the transaction, the vice president now directly owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of the stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 45,915 shares of company stock worth $6,635,984. 1.33% of the stock is owned by insiders.
Shares of NYSE HON opened at $151.48 on Thursday. The firm has a market cap of $111.98 billion, a P/E ratio of 18.91, a P/E/G ratio of 2.09 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $167.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. Honeywell International’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, February 21st. Honeywell International’s dividend payout ratio is presently 40.95%.
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Honeywell International Company 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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