Bernardo Wealth Planning LLC lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 47.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,549 shares of the conglomerate’s stock after acquiring an additional 1,134 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Honeywell International were worth $584,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Campbell Wealth Management acquired a new position in Honeywell International in the 2nd quarter worth about $26,000. Crewe Advisors LLC increased its holdings in Honeywell International by 73.0% in the 3rd quarter. Crewe Advisors LLC now owns 173 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Baltimore Washington Financial Advisors Inc. acquired a new position in Honeywell International in the 2nd quarter worth about $33,000. Rockbridge Investment Management LCC bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $33,000. Finally, Evolution Wealth Advisors LLC grew its position in shares of Honeywell International by 98.0% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 198 shares of the conglomerate’s stock valued at $33,000 after buying an additional 98 shares during the last quarter. Institutional investors own 75.30% of the company’s stock.
HON stock opened at $172.46 on Monday. Honeywell International Inc. has a one year low of $101.08 and a one year high of $184.06. The stock has a market capitalization of $123.19 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.36 and a current ratio of 1.63. The company has a fifty day moving average of $168.13 and a 200-day moving average of $151.74.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 24th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. Honeywell International had a net margin of 16.94% and a return on equity of 29.93%. The business had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter last year, the firm posted $2.10 EPS. The business’s revenue was down 19.1% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post 6.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.93 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, November 12th. Honeywell International’s dividend payout ratio (DPR) is 44.12%.
In other Honeywell International news, CEO Darius Adamczyk sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $163.95, for a total transaction of $3,279,000.00. Following the completion of the transaction, the chief executive officer now directly owns 200,677 shares in the company, valued at approximately $32,900,994.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.
Several brokerages have issued reports on HON. Cowen began coverage on Honeywell International in a report on Sunday, July 26th. They issued a “buy” rating and a $160.00 price target on the stock. Morgan Stanley increased their price target on Honeywell International from $160.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Jefferies Financial Group increased their price target on Honeywell International from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Royal Bank of Canada downgraded Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $166.00 to $158.00 in a research report on Tuesday, August 11th. Finally, Barclays reissued a “buy” rating on shares of Honeywell International in a research report on Sunday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $163.17.
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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