Ipswich Investment Management Co. Inc. lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,342 shares of the conglomerate’s stock after purchasing an additional 330 shares during the period. Honeywell International comprises 1.6% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 15th largest holding. Ipswich Investment Management Co. Inc.’s holdings in Honeywell International were worth $4,981,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Cordasco Financial Network bought a new stake in Honeywell International in the first quarter valued at approximately $25,000. Capital Financial Planning LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Semmax Financial Advisors Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $33,000. Finally, Canton Hathaway LLC boosted its holdings in Honeywell International by 289.1% in the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 75.83% of the company’s stock.
Shares of HON opened at $172.61 on Tuesday. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $174.34. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $126.29 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.35 and a beta of 1.12.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.09. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The firm had revenue of $8.88 billion for the quarter, compared to analyst estimates of $8.63 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. The company’s revenue was down 14.5% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, May 23rd. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total value of $629,807.50. Following the transaction, the director now directly owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the transaction, the insider now directly owns 305,505 shares in the company, valued at $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.
Several analysts recently commented on the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Credit Suisse Group upped their target price on Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Deutsche Bank upped their target price on Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, UBS Group reiterated a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average target price of $175.20.
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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