Cordasco Financial Network boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 1,265.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,147 shares of the conglomerate’s stock after buying an additional 1,063 shares during the period. Cordasco Financial Network’s holdings in Honeywell International were worth $249,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Canton Hathaway LLC acquired a new position in Honeywell International during the fourth quarter worth approximately $26,000. Catalyst Private Wealth LLC acquired a new position in shares of Honeywell International in the third quarter valued at approximately $29,000. Curi Capital acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $29,000. Chiron Capital Management LLC acquired a new position in shares of Honeywell International in the third quarter valued at approximately $33,000. Finally, Hoover Financial Advisors Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $33,000. 75.97% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on HON. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $222.00 to $244.00 in a report on Thursday, April 8th. UBS Group boosted their target price 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. Barclays boosted their target price on Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, April 6th. Credit Suisse Group lifted their price target on Honeywell International from $222.00 to $224.00 and gave the company an “outperform” rating in a research note on Thursday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Honeywell International presently has a consensus rating of “Hold” and an average target price of $208.67.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, January 28th. The conglomerate reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.07. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.39 billion. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. Honeywell International’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 7.03 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 12th. Shareholders of record on Friday, February 26th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, February 25th. This represents a $3.72 dividend on an annualized basis and a yield of 1.62%. Honeywell International’s payout ratio is 45.59%.
Honeywell International Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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