Norinchukin Bank The raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 30.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,080 shares of the conglomerate’s stock after purchasing an additional 40,095 shares during the period. Norinchukin Bank The’s holdings in Honeywell International were worth $22,867,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of HON. Wealthsource Partners LLC grew its holdings in shares of Honeywell International by 4.0% during the fourth quarter. Wealthsource Partners LLC now owns 1,786 shares of the conglomerate’s stock valued at $236,000 after buying an additional 68 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its holdings in Honeywell International by 1.5% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,737 shares of the conglomerate’s stock valued at $626,000 after purchasing an additional 72 shares during the last quarter. Fagan Associates Inc. boosted its holdings in Honeywell International by 1.3% in the fourth quarter. Fagan Associates Inc. now owns 5,555 shares of the conglomerate’s stock valued at $734,000 after purchasing an additional 72 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Honeywell International by 5.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,507 shares of the conglomerate’s stock valued at $199,000 after purchasing an additional 73 shares during the last quarter. Finally, Cooper Haims Advisors LLC boosted its holdings in Honeywell International by 3.4% in the fourth quarter. Cooper Haims Advisors LLC now owns 2,268 shares of the conglomerate’s stock valued at $300,000 after purchasing an additional 75 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Linnet F. Deily sold 4,234 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the transaction, the director now owns 11,369 shares in the company, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy O. Mahoney sold 73,352 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the transaction, the insider now owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
HON stock opened at $155.25 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $167.72. The stock has a market cap of $113.01 billion, a PE ratio of 19.38, a PEG ratio of 2.16 and a beta of 1.10.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.72 billion. During the same period in the prior year, the company posted $1.85 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Thursday, February 21st. Honeywell International’s payout ratio is currently 40.95%.
Several equities research analysts have commented on HON shares. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. CIBC reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Deutsche Bank upped their price target on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. Barclays lowered their price target on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Finally, Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price target on the stock in a report on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $168.88.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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