Arthur M. Cohen & Associates LLC bought a new stake in Honeywell International Inc. (NYSE:HON) in the fourth quarter, Holdings Channel reports. The fund bought 1,511 shares of the conglomerate’s stock, valued at approximately $232,000.
Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in shares of Honeywell International by 4,986.7% during the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after buying an additional 4,308,688 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after buying an additional 3,728,533 shares during the period. APG Asset Management N.V. boosted its position in shares of Honeywell International by 69.6% during the fourth quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after buying an additional 1,373,600 shares during the period. Vanguard Group Inc. boosted its position in shares of Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares during the period. Institutional investors own 75.73% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 price objective on shares of Honeywell International in a research report on Friday, February 16th. Barclays assumed coverage on Honeywell International in a research report on Thursday, February 15th. They set an “overweight” rating and a $170.00 price objective for the company. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Finally, UBS Group assumed coverage on Honeywell International in a research report on Monday, January 22nd. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $165.67.
Shares of Honeywell International Inc. (NYSE:HON) opened at $153.92 on Wednesday. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a market capitalization of $115,750.00, a P/E ratio of 35.96, a P/E/G ratio of 2.19 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company earned $1.74 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 1.94%. Honeywell International’s payout ratio is 69.63%.
Honeywell International declared that its board has initiated a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
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Honeywell International Company Profile
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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