Montag A & Associates Inc. Has $2.03 Million Holdings in Honeywell (HON)

Montag A & Associates Inc. reduced its position in Honeywell (NYSE:HON) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,037 shares of the conglomerate’s stock after selling 920 shares during the quarter. Montag A & Associates Inc.’s holdings in Honeywell were worth $2,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Welch Group LLC purchased a new stake in shares of Honeywell during the fourth quarter valued at $100,000. Wagner Wealth Management LLC purchased a new stake in shares of Honeywell during the fourth quarter valued at $101,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Honeywell during the fourth quarter valued at $113,000. Invictus RG purchased a new stake in shares of Honeywell during the third quarter valued at $117,000. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Honeywell by 325.0% during the first quarter. Thompson Davis & CO. Inc. now owns 850 shares of the conglomerate’s stock valued at $123,000 after buying an additional 650 shares during the last quarter. 75.62% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on HON shares. Zacks Investment Research lowered shares of Honeywell from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays boosted their price objective on shares of Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, April 23rd. TheStreet lowered shares of Honeywell from an “a+” rating to a “c+” rating in a report on Friday, January 26th. ValuEngine raised shares of Honeywell from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, UBS started coverage on shares of Honeywell in a report on Monday, January 22nd. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell currently has an average rating of “Buy” and a consensus target price of $167.73.

In other Honeywell news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction dated 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 $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.33% of the company’s stock.

NYSE HON opened at $147.12 on Friday. The firm has a market cap of $110.21 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. Honeywell has a 1 year low of $146.56 and a 1 year high of $147.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.11.

Honeywell (NYSE:HON) last posted its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. equities analysts predict that Honeywell will post 8.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.03%. Honeywell’s dividend payout ratio is presently 41.91%.

Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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