Westside Investment Management Inc. lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 41.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 261 shares of the conglomerate’s stock after selling 185 shares during the quarter. Westside Investment Management Inc.’s holdings in Honeywell International were worth $34,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Capital Management LLC increased its holdings in Honeywell International by 1.9% in the 3rd quarter. Eagle Capital Management LLC now owns 21,247 shares of the conglomerate’s stock worth $3,536,000 after acquiring an additional 406 shares in the last quarter. HC Financial Advisors Inc. grew its holdings in shares of Honeywell International by 7.3% during the third quarter. HC Financial Advisors Inc. now owns 15,365 shares of the conglomerate’s stock worth $2,557,000 after buying an additional 1,041 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Honeywell International by 29.1% during the third quarter. Congress Asset Management Co. MA now owns 2,402 shares of the conglomerate’s stock worth $400,000 after buying an additional 542 shares in the last quarter. CWM LLC grew its holdings in shares of Honeywell International by 152.6% during the third quarter. CWM LLC now owns 3,402 shares of the conglomerate’s stock worth $566,000 after buying an additional 2,055 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its holdings in shares of Honeywell International by 43.2% during the third quarter. NN Investment Partners Holdings N.V. now owns 34,474 shares of the conglomerate’s stock worth $5,493,000 after buying an additional 10,404 shares in the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HON stock opened at $154.07 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29. The stock has a market cap of $112.72 billion, a PE ratio of 19.23, a PEG ratio of 2.15 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $167.72.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.03. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. As a group, analysts forecast that Honeywell International Inc. will post 7.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $3.28 annualized dividend and a dividend yield of 2.13%. Honeywell International’s payout ratio is 40.95%.
A number of equities research analysts have recently issued reports on HON shares. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 target price for the company in a report on Thursday, January 3rd. Zacks Investment Research reaffirmed a “hold” rating on shares of Honeywell International in a report on Monday, December 31st. Barclays dropped their target price on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 17th. Finally, Royal Bank of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price for the company in a 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $168.88.
In other news, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the transaction, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.33% of the company’s stock.
About Honeywell International
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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