Cambridge Investment Research Advisors Inc. decreased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 14.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 100,998 shares of the conglomerate’s stock after selling 17,036 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Honeywell International were worth $13,344,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of HON. IMS Capital Management acquired a new stake in Honeywell International in the 3rd quarter worth approximately $53,000. Ayalon Holdings Ltd. acquired a new stake in Honeywell International in the 4th quarter worth approximately $61,000. Jackson Grant Investment Advisers Inc. boosted its stake in Honeywell International by 59.2% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 187 shares in the last quarter. Welch Group LLC acquired a new stake in Honeywell International in the 3rd quarter worth approximately $108,000. Finally, Global Trust Asset Management LLC boosted its stake in Honeywell International by 50.9% in the 4th quarter. Global Trust Asset Management LLC now owns 661 shares of the conglomerate’s stock worth $87,000 after purchasing an additional 223 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HON opened at $154.07 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $167.72. The company has a market cap of $112.72 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating the consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.72 billion. During the same period in the previous year, the business posted $1.85 EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Honeywell International Inc. will post 7.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders 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 2.13%. The ex-dividend date is Thursday, February 21st. Honeywell International’s payout ratio is 40.95%.
In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.
A number of analysts recently commented on the stock. Credit Suisse Group upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 target price for the company in a research note on Thursday, January 3rd. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Zacks Investment Research reiterated a “hold” rating on shares of Honeywell International in a research note on Monday, December 31st. Finally, Barclays lowered their target price on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, December 17th. Five 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 presently has an average rating of “Buy” and a consensus price target of $168.88.
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Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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