Fayerweather Charles purchased a new stake in shares of Honeywell International Inc. (NYSE:HON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,359 shares of the conglomerate’s stock, valued at approximately $209,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Intercontinental Wealth Advisors LLC purchased a new stake in Honeywell International in the second quarter worth approximately $267,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Honeywell International by 10.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,244 shares of the conglomerate’s stock worth $299,000 after acquiring an additional 211 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Honeywell International by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,637 shares of the conglomerate’s stock worth $7,549,000 after acquiring an additional 173 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Honeywell International by 0.4% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 181,110 shares of the conglomerate’s stock worth $24,140,000 after acquiring an additional 669 shares during the last quarter. Finally, Chilton Investment Co. LLC purchased a new position in shares of Honeywell International during the 2nd quarter worth $384,000. 77.98% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and set a $187.00 price target on shares of Honeywell International in a research note on Friday, January 26th. Cowen reiterated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus dropped their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $165.67.
Shares of Honeywell International Inc. (NYSE HON) opened at $152.23 on Tuesday. The company has a market cap of $115,966.23, a price-to-earnings ratio of 21.84, a PEG ratio of 2.18 and a beta of 0.98. Honeywell International Inc. has a 52-week low of $122.40 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. analysts anticipate that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.745 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.96%. Honeywell International’s payout ratio is 143.27%.
Honeywell International announced that its Board of Directors has approved a stock buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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