Colony Group LLC lessened its stake in Honeywell International Inc. (NYSE:HON) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,772 shares of the conglomerate’s stock after selling 775 shares during the quarter. Colony Group LLC’s holdings in Honeywell International were worth $895,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new position in shares of Honeywell International during the 4th quarter worth $31,000. Semmax Financial Advisors Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth $33,000. IMS Capital Management acquired a new position in shares of Honeywell International during the 3rd quarter worth $53,000. Vectors Research Management LLC increased its stake in shares of Honeywell International by 31.0% during the 4th quarter. Vectors Research Management LLC now owns 423 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 100 shares during the last quarter. Finally, Clarus Wealth Advisors increased its stake in shares of Honeywell International by 48.4% during the 4th quarter. Clarus Wealth Advisors now owns 457 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.
Shares of Honeywell International stock opened at $162.00 on Tuesday. 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 fifty-two week low of $123.48 and a fifty-two week high of $167.72. The firm has a market capitalization of $118.50 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.26 and a beta of 1.10.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same period in the prior year, the firm earned $1.85 EPS. The business’s revenue was down 10.3% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction 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 directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.
Several research firms recently issued reports on HON. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a report on Monday, April 8th. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price objective for the company in a report on Thursday, January 3rd. CIBC reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Finally, Barclays decreased their price objective 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. Five research 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’s stock. Honeywell International has an average rating of “Buy” and a consensus target price of $169.32.
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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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