Huntington National Bank grew its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 433,058 shares of the conglomerate’s stock after purchasing an additional 2,889 shares during the quarter. Honeywell International makes up about 1.1% of Huntington National Bank’s holdings, making the stock its 13th biggest position. Huntington National Bank owned 0.06% of Honeywell International worth $66,414,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Intercontinental Wealth Advisors LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $267,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Honeywell International by 10.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,244 shares of the conglomerate’s stock valued at $299,000 after acquiring an additional 211 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,637 shares of the conglomerate’s stock valued at $7,549,000 after acquiring an additional 173 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Honeywell International by 0.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 181,110 shares of the conglomerate’s stock valued at $24,140,000 after acquiring an additional 669 shares during the period. Finally, Chilton Investment Co. LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $384,000. 77.98% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Oppenheimer lifted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a report on Friday, January 26th. Cowen reaffirmed a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a report on Monday, January 22nd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus cut their target price on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average price target of $165.67.
Honeywell International Inc. (NYSE: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 stock has a market cap of $115,966.23, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. Honeywell International’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. equities research analysts anticipate that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The company 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. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 1.96%. Honeywell International’s dividend payout ratio is currently 143.27%.
Honeywell International announced that its Board of Directors has approved a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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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