Eads & Heald Wealth Management lowered its stake in Honeywell International Inc. (NYSE:HON) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,869 shares of the conglomerate’s stock after selling 86 shares during the period. Eads & Heald Wealth Management’s holdings in Honeywell International were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of HON. Morse Asset Management Inc increased its holdings in shares of Honeywell International by 4.1% in the 3rd quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock valued at $1,577,000 after acquiring an additional 375 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings 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. Synovus Financial Corp increased its holdings in shares of Honeywell International by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock valued at $17,476,000 after acquiring an additional 1,933 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Honeywell International in the 3rd quarter valued at about $8,020,000. Finally, Northwest Investment Counselors LLC increased its holdings 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. 74.04% of the stock is currently owned by institutional investors.
In related news, Director Linnet F. Deily sold 4,234 shares of the firm’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 transaction, the director now owns 11,369 shares in the company, valued at approximately $1,691,138.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total value of $4,061,434.41. Following the transaction, the vice president now owns 91,829 shares in the company, valued at approximately $13,187,562.69. The disclosure for this sale can be found here. Insiders have sold a total of 45,915 shares of company stock worth $6,635,984 in the last 90 days. 1.33% of the stock is currently owned by company insiders.
HON has been the topic of a number of recent analyst reports. Citigroup set a $186.00 price objective on Honeywell International and gave the company a “buy” rating in a report on Tuesday, October 30th. Deutsche Bank increased their price objective on Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Royal Bank of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective on the stock in a report on Thursday, January 3rd. Finally, reiterated an “outperform” rating and issued a $177.00 price objective (down previously from $184.00) on shares of Honeywell International in a report on Tuesday, October 23rd. Five investment 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’s stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $168.88.
NYSE:HON opened at $151.48 on Thursday. The company has a market cap of $111.98 billion, a P/E ratio of 18.91, a PEG ratio of 2.09 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $167.72.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. On average, research analysts expect that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, February 21st. This represents a $3.28 dividend on an annualized basis and a yield of 2.17%. Honeywell International’s dividend payout ratio is presently 40.95%.
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Honeywell International 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.
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