Howland Capital Management LLC acquired a new position in shares of Honeywell International Inc. (NYSE:HON) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,733 shares of the conglomerate’s stock, valued at approximately $266,000.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after acquiring an additional 207,142 shares during the last quarter. FMR LLC lifted its holdings in shares of Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after acquiring an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after buying an additional 629,221 shares during the period. Institutional investors and hedge funds own 77.98% of the company’s stock.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS Group began coverage on shares of Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a research report 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. Finally, Royal Bank of Canada raised their target price on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $165.67.
Shares of Honeywell International Inc. (HON) traded down $1.13 during trading hours on Wednesday, hitting $150.37. 1,377,984 shares of the company were exchanged, compared to its average volume of 3,388,357. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a fifty-two week low of $122.40 and a fifty-two week high of $165.13. The company has a market capitalization of $112,610.00, a price-to-earnings ratio of 35.16, a PEG ratio of 2.15 and a beta of 0.97.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. analysts forecast that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s payout ratio is currently 69.63%.
Honeywell International announced that its Board of Directors has initiated a share repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the sale, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
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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