MUFG Securities EMEA plc purchased a new position in shares of Honeywell International Inc. (NYSE:HON) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the conglomerate’s stock, valued at approximately $3,067,000.
Several other institutional investors have also modified their holdings of the company. Welch Group LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $100,000. Mascoma Wealth Management LLC raised its position in shares of Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares during the period. Invictus RG bought a new stake in shares of Honeywell International during the 3rd quarter valued at $117,000. Tower Research Capital LLC TRC raised its position in shares of Honeywell International by 772.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 912 shares during the period. Finally, Bruderman Asset Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at $141,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
In related news, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the company posted $1.74 EPS. The business’s revenue was up 8.6% on a year-over-year basis. sell-side analysts anticipate that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s payout ratio is currently 143.27%.
Several analysts have recently commented on HON shares. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer lifted their price target 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. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup set a $180.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average target price of $165.67.
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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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