Jacobs & Co. CA cut its stake in Honeywell International Inc. (NYSE:HON) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,455 shares of the conglomerate’s stock after selling 372 shares during the period. Honeywell International comprises approximately 1.4% of Jacobs & Co. CA’s portfolio, making the stock its 26th largest position. Jacobs & Co. CA’s holdings in Honeywell International were worth $11,603,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Canton Hathaway LLC purchased a new stake in Honeywell International in the fourth quarter valued at $26,000. Catalyst Private Wealth LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Curi Capital purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Chiron Capital Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $33,000. Finally, Hoover Financial Advisors Inc. purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $33,000. 75.97% of the stock is owned by hedge funds and other institutional investors.
HON has been the subject of a number of research reports. UBS Group upped their target price on shares of Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, January 15th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft upped their target price on shares of Honeywell International from $212.00 to $222.00 and gave the company a “hold” rating in a report on Monday, February 1st. Credit Suisse Group upped their target price on shares of Honeywell International from $222.00 to $224.00 and gave the company an “outperform” rating in a report on Thursday, April 1st. Royal Bank of Canada boosted their price target on shares of Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a research note on Monday, February 1st. Finally, Morgan Stanley boosted their price target on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, March 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $203.87.
Shares of HON stock remained flat at $$218.50 during trading hours on Thursday. 14,264 shares of the stock traded hands, compared to its average volume of 2,807,698. The stock has a fifty day moving average of $210.69 and a two-hundred day moving average of $198.48. The firm has a market capitalization of $151.97 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13. Honeywell International Inc. has a twelve month low of $117.11 and a twelve month high of $221.05. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.97.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.39 billion. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 7.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Friday, February 26th were given a $0.93 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.70%. Honeywell International’s dividend payout ratio is presently 45.59%.
About Honeywell International
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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