Roffman Miller Associates Inc. PA raised its stake in Honeywell International Inc. (NYSE:HON) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,946 shares of the conglomerate’s stock after buying an additional 854 shares during the period. Honeywell International comprises about 3.0% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 11th biggest position. Roffman Miller Associates Inc. PA’s holdings in Honeywell International were worth $24,069,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Welch Group LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at about $100,000. Mascoma Wealth Management LLC boosted its position in shares of Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares in the last quarter. Invictus RG bought a new stake in shares of Honeywell International during the 3rd quarter valued at about $117,000. Tower Research Capital LLC TRC boosted its position in shares of Honeywell International by 772.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 912 shares in the last quarter. Finally, Bruderman Asset Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $141,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday. Stifel Nicolaus restated a “buy” rating and set a $165.00 target price on shares of Honeywell International in a research report on Friday, February 16th. Barclays assumed coverage on Honeywell International in a research report on Thursday, February 15th. They set an “overweight” rating and a $170.00 target price on the stock. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet lowered Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $166.73.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $150.20 on Tuesday. The stock has a market capitalization of $114,138.86, a P/E ratio of 72.21, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.38 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.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. equities analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International announced that its Board of Directors has approved a stock repurchase program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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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