Gantzert Investment Co. LLC ADV purchased a new stake in Honeywell International Inc. (NYSE:HON) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,050 shares of the conglomerate’s stock, valued at approximately $2,649,000. Honeywell International makes up 3.0% of Gantzert Investment Co. LLC ADV’s holdings, making the stock its 9th biggest holding.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. grew 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 buying an additional 174 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $8,020,000. Gradient Investments LLC grew 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 buying an additional 604 shares in the last quarter. Northwest Investment Counselors LLC grew 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 buying an additional 389 shares in the last quarter. Finally, Clean Yield Group grew 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 buying an additional 625 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.
In other news, insider Timothy O. Mahoney sold 73,352 shares of the 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 completion of the sale, the insider now directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.
Shares of Honeywell International stock opened at $155.35 on Friday. Honeywell International Inc. has a 12-month low of $123.48 and a 12-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 P/E/G ratio of 2.16 and a beta of 1.10.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.72 billion. During the same period in the prior year, the business earned $1.85 earnings per share. Honeywell International’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were given a $0.82 dividend. The ex-dividend date was Thursday, February 21st. This represents a $3.28 annualized dividend and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is 40.95%.
HON has been the subject of several recent research reports. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. CIBC reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Deutsche Bank boosted their price target on Honeywell International to $160.00 and gave the company a “buy” rating in a research note on Monday, February 4th. Barclays decreased their target price on Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Finally, Credit Suisse Group raised Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 target price for the company in a research report on Thursday, January 3rd. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $168.88.
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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