Beacon Investment Advisory Services Inc. trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,134 shares of the conglomerate’s stock after selling 5,414 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Honeywell International were worth $6,462,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Checchi Capital Advisers LLC boosted its position in Honeywell International by 22.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 8,551 shares of the conglomerate’s stock worth $1,311,000 after purchasing an additional 1,594 shares during the period. Rockefeller Financial Services Inc. boosted its position in Honeywell International by 19.4% during the fourth quarter. Rockefeller Financial Services Inc. now owns 130,201 shares of the conglomerate’s stock worth $19,968,000 after purchasing an additional 21,181 shares during the period. Elefante Mark B bought a new position in Honeywell International during the fourth quarter worth $307,000. Trust Co. of Vermont boosted its position in Honeywell International by 7.3% during the fourth quarter. Trust Co. of Vermont now owns 57,932 shares of the conglomerate’s stock worth $8,884,000 after purchasing an additional 3,930 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in Honeywell International during the fourth quarter worth $2,113,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
Shares of Honeywell International stock traded down $2.08 during trading on Monday, reaching $142.43. The company’s stock had a trading volume of 4,092,076 shares, compared to its average volume of 3,340,333. The stock has a market cap of $108,671.80, a PE ratio of 20.03, a PEG ratio of 1.98 and a beta of 0.97. Honeywell International Inc. has a 52 week low of $122.40 and a 52 week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% on a year-over-year basis. equities research analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International announced that its board has authorized a stock buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 2.09%. Honeywell International’s dividend payout ratio is 41.91%.
A number of equities analysts have commented on HON shares. Royal Bank of Canada cut shares of Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Barclays started coverage on shares of Honeywell International in a research report on Thursday, February 15th. They set an “overweight” rating and a $170.00 price objective for the company. Oppenheimer lifted their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Finally, Jefferies Group lifted their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $166.73.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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