Broderick Brian C increased its stake in Honeywell International Inc. (NYSE:HON) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,520 shares of the conglomerate’s stock after acquiring an additional 573 shares during the period. Broderick Brian C’s holdings in Honeywell International were worth $1,920,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. AGF Investments America Inc. lifted its position in Honeywell International by 3.6% during the second quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock valued at $6,358,000 after buying an additional 1,668 shares in the last quarter. BlackRock Inc. lifted its position in Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Rothschild Asset Management Inc. lifted its position in Honeywell International by 2,358.6% during the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock valued at $48,115,000 after buying an additional 325,653 shares in the last quarter. Prudential Financial Inc. lifted its position in Honeywell International by 22.6% during the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock valued at $321,367,000 after buying an additional 417,770 shares in the last quarter. Finally, Veritable L.P. lifted its position in Honeywell International by 2.6% during the second quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock valued at $4,300,000 after buying an additional 823 shares in the last quarter. 77.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE HON) opened at $152.23 on Tuesday. The stock has a market cap of $114,480.00, a P/E ratio of 35.57, a PEG ratio of 2.18 and a beta of 0.97. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) is presently 69.63%.
Honeywell International announced that its Board of Directors has initiated a share repurchase program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
A number of research analysts have weighed in on HON shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $165.00 price target on shares of Honeywell International in a research report on Friday, February 16th. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Bank of America lifted their price target on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. UBS Group started coverage on shares of Honeywell International in a research report on Monday, January 22nd. They set a “buy” rating on the stock. Finally, Jefferies Group lifted their price target on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $165.67.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now owns 9,105 shares of the company’s stock, 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 Company 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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