Neuberger Berman Group LLC decreased its stake in shares of Honeywell (NYSE:HON) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,294,771 shares of the conglomerate’s stock after selling 51,484 shares during the quarter. Neuberger Berman Group LLC owned about 0.17% of Honeywell worth $187,136,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Wagner Wealth Management LLC purchased a new position in Honeywell during the fourth quarter valued at $101,000. Welch Group LLC purchased a new position in Honeywell during the fourth quarter valued at $100,000. Taylor Hoffman Wealth Management purchased a new position in Honeywell during the fourth quarter valued at $113,000. Invictus RG purchased a new position in shares of Honeywell in the third quarter worth $117,000. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Honeywell by 325.0% in the first quarter. Thompson Davis & CO. Inc. now owns 850 shares of the conglomerate’s stock worth $123,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
Shares of HON opened at $148.34 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.11. Honeywell has a one year low of $130.70 and a one year high of $165.13. The firm has a market capitalization of $110.80 billion, a P/E ratio of 20.86, a PEG ratio of 1.98 and a beta of 0.98.
Honeywell (NYSE:HON) last issued its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.06. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. Honeywell’s revenue was up 9.5% compared to the same quarter last year. equities research analysts predict that Honeywell will post 8.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, May 17th. Honeywell’s payout ratio is currently 41.91%.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction 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 owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.
Several research analysts have recently weighed in on HON shares. Zacks Investment Research cut Honeywell from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Barclays boosted their price target on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. TheStreet cut Honeywell from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine upgraded Honeywell from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, UBS started coverage on Honeywell in a research note on Monday, January 22nd. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $167.73.
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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