Delta Asset Management LLC TN cut its stake in Honeywell International Inc. (NYSE:HON) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,551 shares of the conglomerate’s stock after selling 2,061 shares during the quarter. Honeywell International accounts for 4.4% of Delta Asset Management LLC TN’s holdings, making the stock its 7th biggest position. Delta Asset Management LLC TN’s holdings in Honeywell International were worth $28,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Honeywell International by 2.6% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,750 shares of the conglomerate’s stock valued at $892,000 after acquiring an additional 174 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Honeywell International in the 3rd quarter valued at about $8,020,000. Gradient Investments LLC increased its stake in shares of Honeywell International by 1.0% in the 4th quarter. Gradient Investments LLC now owns 59,841 shares of the conglomerate’s stock valued at $7,906,000 after acquiring an additional 604 shares during the last quarter. Northwest Investment Counselors LLC increased its stake in shares of Honeywell International by 2.4% in the 4th quarter. Northwest Investment Counselors LLC now owns 16,807 shares of the conglomerate’s stock valued at $2,221,000 after acquiring an additional 389 shares during the last quarter. Finally, Clean Yield Group increased its stake in shares of Honeywell International by 16.7% in the 4th quarter. Clean Yield Group now owns 4,368 shares of the conglomerate’s stock valued at $577,000 after acquiring an additional 625 shares during the last quarter. 75.67% of the stock is owned by institutional investors.
HON has been the subject of a number of recent analyst reports. Deutsche Bank upped their price target on Honeywell International to $160.00 and gave the company a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research reissued a “hold” rating on shares of Honeywell International in a research note on Monday, December 31st. CIBC reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price for the company in a research note on Thursday, January 3rd. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $168.88.
NYSE:HON opened at $155.35 on Friday. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $167.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.06. The company has a market cap of $113.26 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.16 and a beta of 1.10.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter in the prior year, the firm posted $1.85 EPS. The business’s revenue was down 10.3% on a year-over-year basis. On average, sell-side analysts forecast that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, February 21st. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was 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 of the company’s stock, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy O. Mahoney sold 73,352 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the transaction, the insider now directly 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.
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Honeywell International Company Profile
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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