Nelson Roberts Investment Advisors LLC increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,021 shares of the conglomerate’s stock after buying an additional 184 shares during the quarter. Nelson Roberts Investment Advisors LLC’s holdings in Honeywell International were worth $135,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of HON. IMS Capital Management bought a new position in shares of Honeywell International in the 3rd quarter valued at about $53,000. Ayalon Holdings Ltd. bought a new position in shares of Honeywell International in the 4th quarter valued at about $61,000. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Honeywell International by 59.2% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock valued at $67,000 after acquiring an additional 187 shares in the last quarter. Global Trust Asset Management LLC grew its holdings in shares of Honeywell International by 50.9% in the 4th quarter. Global Trust Asset Management LLC now owns 661 shares of the conglomerate’s stock valued at $87,000 after acquiring an additional 223 shares in the last quarter. Finally, Welch Group LLC bought a new position in shares of Honeywell International in the 3rd quarter valued at about $108,000. 74.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:HON opened at $148.61 on Monday. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $167.72. The stock has a market capitalization of $110.01 billion, a P/E ratio of 18.55, a PEG ratio of 2.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.06.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same period last year, the business posted $1.85 EPS. Honeywell International’s revenue was down 10.3% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 7.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be paid a $0.82 dividend. The ex-dividend date is Thursday, February 21st. This represents a $3.28 annualized dividend and a yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
Several equities analysts have recently weighed in on HON shares. 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 raised 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 cut 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 for the company in a report on Thursday, January 3rd. Finally, restated 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 equities research 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.88.
In related news, Director D Scott Davis sold 3,963 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total value of $590,922.93. Following the completion of the sale, the director now directly owns 25,764 shares in the company, valued at approximately $3,841,670.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the sale, the director now owns 13,607 shares of the company’s stock, valued at $1,974,783.91. The disclosure for this sale can be found here. Insiders sold a total of 49,878 shares of company stock valued at $7,226,907 over the last quarter. 1.33% of the stock is currently owned by company insiders.
About Honeywell International
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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