Fort Pitt Capital Group LLC reduced its holdings in Honeywell International Inc. (NYSE:HON) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 232,252 shares of the conglomerate’s stock after selling 1,033 shares during the period. Honeywell International makes up about 2.8% of Fort Pitt Capital Group LLC’s investment portfolio, making the stock its 13th largest position. Fort Pitt Capital Group LLC’s holdings in Honeywell International were worth $35,618,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $267,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of Honeywell International by 10.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,244 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 211 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,637 shares of the conglomerate’s stock worth $7,549,000 after purchasing an additional 173 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Honeywell International by 0.4% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 181,110 shares of the conglomerate’s stock worth $24,140,000 after purchasing an additional 669 shares in the last quarter. Finally, Chilton Investment Co. LLC acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $384,000. 77.98% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (HON) opened at $152.23 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. The company has a market capitalization of $115,966.23, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.18 and a beta of 0.98. Honeywell International Inc. has a one year low of $122.40 and a one year high of $165.13.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio is currently 143.27%.
Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
HON has been the topic of several recent research reports. Deutsche Bank reissued a “buy” rating and set a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Argus lifted their price objective on Honeywell International from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Robert W. Baird reissued a “buy” rating and set a $187.00 price objective on shares of Honeywell International in a report on Friday, January 26th. Bank of America lifted their price objective on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, UBS Group assumed coverage on Honeywell International in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $165.67.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.
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Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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