Regent Investment Management LLC lowered its position in Honeywell International Inc. (NYSE:HON) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,407 shares of the conglomerate’s stock after selling 1,265 shares during the period. Regent Investment Management LLC’s holdings in Honeywell International were worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aviva PLC boosted its position in Honeywell International by 2.7% in the 2nd quarter. Aviva PLC now owns 823,867 shares of the conglomerate’s stock worth $109,822,000 after purchasing an additional 21,457 shares in the last quarter. ProVise Management Group LLC boosted its position in Honeywell International by 20.7% in the 2nd quarter. ProVise Management Group LLC now owns 3,530 shares of the conglomerate’s stock worth $471,000 after purchasing an additional 606 shares in the last quarter. RFG Advisory Group LLC boosted its position in Honeywell International by 285.4% in the 2nd quarter. RFG Advisory Group LLC now owns 6,632 shares of the conglomerate’s stock worth $886,000 after purchasing an additional 4,911 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in Honeywell International in the 2nd quarter worth approximately $267,000. Finally, American Century Companies Inc. boosted its position in Honeywell International by 450.7% in the 2nd quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock worth $120,072,000 after purchasing an additional 737,262 shares in the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.56% of the company’s stock.
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 analysts’ consensus estimates 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 analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $1.74 EPS. The business’s revenue was up 8.6% on a year-over-year basis. analysts expect that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International declared that its board has approved a stock buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is 143.27%.
HON has been the topic of several recent research reports. Deutsche Bank restated a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a research report on Tuesday, November 28th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus lowered their price objective on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Finally, Oppenheimer upped their price objective on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” 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. Honeywell International presently has a consensus rating of “Buy” and an average target price of $165.67.
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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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