Sandy Spring Bank boosted its position in Honeywell International Inc. (NYSE:HON) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,289 shares of the conglomerate’s stock after buying an additional 2,640 shares during the period. Sandy Spring Bank’s holdings in Honeywell International were worth $4,031,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in Honeywell International by 4,986.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after purchasing an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. APG Asset Management N.V. boosted its stake in Honeywell International by 69.6% during the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after purchasing an additional 1,373,600 shares during the last quarter. Vanguard Group Inc. boosted its stake in Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. 77.98% of the stock is owned by institutional investors and hedge funds.
In related news, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. Honeywell International’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International declared that its board has approved a stock repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed 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 of this dividend was Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 1.96%. Honeywell International’s payout ratio is 143.27%.
HON has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 price target on shares of Honeywell International in a research note on Friday, February 16th. Deutsche Bank restated a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Bank of America boosted their target price on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. UBS Group assumed coverage on Honeywell International in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, Jefferies Group boosted their target price on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note 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’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $165.67.
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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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