InterOcean Capital LLC increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 36.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,746 shares of the conglomerate’s stock after purchasing an additional 470 shares during the quarter. InterOcean Capital LLC’s holdings in Honeywell International were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in HON. Boston Private Wealth LLC lifted its stake in Honeywell International by 4.7% during the 4th quarter. Boston Private Wealth LLC now owns 171,768 shares of the conglomerate’s stock valued at $30,403,000 after acquiring an additional 7,753 shares during the period. Chelsea Counsel Co. lifted its position in Honeywell International by 3.0% during the fourth quarter. Chelsea Counsel Co. now owns 59,171 shares of the conglomerate’s stock valued at $10,474,000 after purchasing an additional 1,713 shares during the period. Baird Financial Group Inc. lifted its position in Honeywell International by 5.7% during the fourth quarter. Baird Financial Group Inc. now owns 391,581 shares of the conglomerate’s stock valued at $69,310,000 after purchasing an additional 21,186 shares during the period. Brighton Jones LLC boosted its holdings in Honeywell International by 11.9% in the fourth quarter. Brighton Jones LLC now owns 2,467 shares of the conglomerate’s stock worth $437,000 after purchasing an additional 262 shares during the last quarter. Finally, Bluefin Trading LLC bought a new stake in Honeywell International in the 4th quarter worth approximately $3,349,000. 77.14% of the stock is currently owned by institutional investors.
Shares of HON traded up $1.49 during trading hours on Friday, reaching $139.18. 2,957,908 shares of the stock traded hands, compared to its average volume of 3,733,469. The company has a market cap of $96.64 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $135.07 and its two-hundred day moving average price is $161.31. Honeywell International Inc. has a 52-week low of $101.08 and a 52-week high of $184.06.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.25. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.56 billion. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 6.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a $0.90 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.59%. Honeywell International’s dividend payout ratio is presently 44.12%.
A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “buy” rating and issued a $143.00 price target on shares of Honeywell International in a research note on Wednesday, April 1st. Robert W. Baird reduced their price target on shares of Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “sell” rating and set a $146.00 price objective on the stock. in a report on Monday, May 4th. William Blair reaffirmed a “market perform” rating on shares of Honeywell International in a report on Monday, May 4th. Finally, Langenberg & Company reiterated a “buy” rating and set a $165.00 price target on shares of Honeywell International in a research note on Friday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $156.47.
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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