Aperio Group LLC lifted its holdings in Honeywell International Inc. (NYSE:HON) by 6.8% in the 4th quarter, HoldingsChannel reports. The firm owned 597,511 shares of the conglomerate’s stock after purchasing an additional 37,900 shares during the quarter. Aperio Group LLC’s holdings in Honeywell International were worth $91,634,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Telemus Capital LLC increased its stake in shares of Honeywell International by 56.2% in the 4th quarter. Telemus Capital LLC now owns 5,414 shares of the conglomerate’s stock valued at $831,000 after purchasing an additional 1,947 shares in the last quarter. Cedar Capital LLC increased its stake in shares of Honeywell International by 26.0% in the 4th quarter. Cedar Capital LLC now owns 2,927 shares of the conglomerate’s stock valued at $449,000 after purchasing an additional 604 shares in the last quarter. Welch Group LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $100,000. Summit Securities Group LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $1,488,000. Finally, Kovack Advisors Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $587,000. Hedge funds and other institutional investors own 77.97% of the company’s stock.
Several equities analysts recently weighed in on the company. Robert W. Baird restated a “buy” rating and issued a $187.00 price target on shares of Honeywell International in a research note on Friday, January 26th. Bank of America boosted their price objective on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. TheStreet lowered Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reiterated a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $165.67.
Honeywell International Inc. (HON) opened at $154.21 on Friday. The firm has a market capitalization of $115,970.00, a P/E ratio of 36.03, a PEG ratio of 2.12 and a beta of 0.97. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. 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 issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. research analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s dividend payout ratio is currently 69.63%.
Honeywell International declared that its Board of Directors has authorized a stock buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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Honeywell International 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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