Guidant Wealth Advisors boosted its position in Honeywell International Inc. (NYSE:HON) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 766 shares of the conglomerate’s stock after acquiring an additional 106 shares during the quarter. Guidant Wealth Advisors’ holdings in Honeywell International were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cordasco Financial Network bought a new position in shares of Honeywell International during the first quarter valued at about $25,000. Capital Financial Planning LLC bought a new position in shares of Honeywell International during the fourth quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of Honeywell International during the fourth quarter valued at about $31,000. Semmax Financial Advisors Inc. bought a new position in shares of Honeywell International during the fourth quarter valued at about $33,000. Finally, Canton Hathaway LLC grew its stake in shares of Honeywell International by 289.1% during the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock valued at $34,000 after buying an additional 159 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International stock opened at $170.79 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. The stock has a market cap of $123.26 billion, a PE ratio of 21.32, a PEG ratio of 2.29 and a beta of 1.12. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $174.34.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. Honeywell International’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio is currently 40.95%.
HON has been the topic of a number of recent research reports. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Deutsche Bank raised their price objective on Honeywell International to $160.00 and gave the company a “buy” rating in a research note on Monday, February 4th. Morgan Stanley raised their price objective on Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Credit Suisse Group raised their price objective on Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average price target of $175.20.
In other news, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the sale, the insider now directly owns 305,505 shares in the company, valued at $47,139,421.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.
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About Honeywell International
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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