CRA Financial Services LLC bought a new position in shares of Honeywell International Inc. (NYSE:HON) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,130 shares of the conglomerate’s stock, valued at approximately $678,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC lifted its stake 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 purchasing an additional 406 shares in the last quarter. HC Financial Advisors Inc. lifted its stake in Honeywell International by 7.3% in the 3rd quarter. HC Financial Advisors Inc. now owns 15,365 shares of the conglomerate’s stock worth $2,557,000 after purchasing an additional 1,041 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Honeywell International by 56.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 97,740 shares of the conglomerate’s stock worth $16,265,000 after purchasing an additional 35,123 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Honeywell International by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 196,468 shares of the conglomerate’s stock worth $32,692,000 after purchasing an additional 2,615 shares in the last quarter. Finally, Smith Salley & Associates lifted its stake in Honeywell International by 3.0% in the 3rd quarter. Smith Salley & Associates now owns 44,141 shares of the conglomerate’s stock worth $7,345,000 after purchasing an additional 1,304 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.
In other news, insider Timothy O. Mahoney sold 73,352 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the sale, the insider now owns 305,505 shares in the company, valued at approximately $47,139,421.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linnet F. Deily sold 4,234 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total transaction of $629,807.50. Following the sale, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
Shares of NYSE HON opened at $155.25 on Friday. The company has a market cap of $113.01 billion, a PE ratio of 19.38, a PEG ratio of 2.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.06. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.03. The business had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is currently 40.95%.
A number of research analysts have weighed in on the stock. UBS Group reissued a “top pick” rating on shares of Honeywell International in a research note on Thursday, January 10th. 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 on the stock in a research note on Thursday, January 3rd. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 target price on the stock in a research note on Thursday, January 3rd. Zacks Investment Research reissued a “hold” rating on shares of Honeywell International in a research note on Monday, December 31st. Finally, Barclays decreased their target price on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.88.
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Honeywell International 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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