Stephens Inc. AR lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,490 shares of the conglomerate’s stock after selling 3,632 shares during the quarter. Stephens Inc. AR’s holdings in Honeywell International were worth $9,123,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $267,000. 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. Chilton Investment Co. LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $384,000. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Honeywell International by 1.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 6,245 shares of the conglomerate’s stock valued at $845,000 after acquiring an additional 103 shares during the period. 77.98% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on HON. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a report on Friday, February 16th. Barclays began coverage on shares of Honeywell International in a research report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 price objective on the stock. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. TheStreet lowered shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $187.00 price objective on shares of Honeywell International in a research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $165.67.
Shares of Honeywell International Inc. (NYSE HON) opened at $151.50 on Wednesday. The company has a market cap of $114,477.26, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.15 and a beta of 0.98. Honeywell International Inc. has a 1 year low of $122.40 and a 1 year 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.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. sell-side analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a dividend of $0.745 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.97%. Honeywell International’s 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 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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