SeaCrest Wealth Management LLC lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,803 shares of the conglomerate’s stock after purchasing an additional 115 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Honeywell International were worth $2,723,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of HON. MAI Capital Management boosted its holdings in Honeywell International by 2.2% in the third quarter. MAI Capital Management now owns 118,971 shares of the conglomerate’s stock valued at $19,584,000 after acquiring an additional 2,517 shares during the last quarter. Confluence Wealth Management LLC boosted its holdings in Honeywell International by 161.2% in the third quarter. Confluence Wealth Management LLC now owns 3,895 shares of the conglomerate’s stock valued at $659,000 after acquiring an additional 2,404 shares during the last quarter. Perennial Investment Advisors LLC acquired a new position in Honeywell International in the third quarter valued at $596,000. Landsberg Bennett & Dubbaneh LLC raised its position in Honeywell International by 63.9% in the third quarter. Landsberg Bennett & Dubbaneh LLC now owns 24,255 shares of the conglomerate’s stock valued at $3,990,000 after purchasing an additional 9,457 shares during the period. Finally, Steel Peak Wealth Management LLC purchased a new position in Honeywell International in the third quarter valued at about $4,326,000. Hedge funds and other institutional investors own 75.97% of the company’s stock.
In other news, major shareholder Honeywell International Inc purchased 15,000 shares of the firm’s stock in a transaction on Thursday, December 17th. The stock was bought at an average cost of $4.20 per share, for a total transaction of $63,000.00. Following the completion of the acquisition, the insider now directly owns 2,892,116 shares of the company’s stock, valued at $12,146,887.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the business earned $2.06 EPS. The company’s revenue was down 6.3% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 7.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 12th. Shareholders of record on Friday, February 26th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, February 25th. Honeywell International’s dividend payout ratio (DPR) is currently 45.59%.
Several research analysts have commented on HON shares. Royal Bank of Canada raised their price objective on Honeywell International from $194.00 to $199.00 and gave the company a “sector perform” rating in a research report on Monday, February 1st. Robert W. Baird lifted their target price on Honeywell International from $167.00 to $221.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $212.00 to $222.00 and gave the stock a “hold” rating in a research report on Monday, February 1st. Bank of America lifted their target price on Honeywell International from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, UBS Group boosted their price objective on Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, January 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $193.33.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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