Capital Financial Planning LLC purchased a new stake in shares of Honeywell International Inc. (NYSE:HON) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 200 shares of the conglomerate’s stock, valued at approximately $26,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in Honeywell International in the fourth quarter worth approximately $31,000. Semmax Financial Advisors Inc. purchased a new stake in Honeywell International in the fourth quarter worth approximately $33,000. IMS Capital Management purchased a new stake in Honeywell International in the third quarter worth approximately $53,000. Vectors Research Management LLC boosted its stake in Honeywell International by 31.0% in the fourth quarter. Vectors Research Management LLC now owns 423 shares of the conglomerate’s stock worth $56,000 after buying an additional 100 shares in the last quarter. Finally, Clarus Wealth Advisors boosted its stake in Honeywell International by 48.4% in the fourth quarter. Clarus Wealth Advisors now owns 457 shares of the conglomerate’s stock worth $60,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.
Shares of Honeywell International stock opened at $162.00 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $118.50 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $167.72.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. The company had revenue of $9.73 billion during 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 revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
Several analysts have weighed in on HON shares. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Credit Suisse Group upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price objective for the company in a research report on Thursday, January 3rd. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays lowered their price objective 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, Royal Bank of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective for the company in a research report on Thursday, January 3rd. Five 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. The company has a consensus rating of “Buy” and a consensus target price of $169.32.
In related news, 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 transaction of $11,318,213.60. Following the completion of the transaction, the insider now owns 305,505 shares in the company, valued at $47,139,421.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the company’s 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 transaction, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.
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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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