Fort Pitt Capital Group LLC lowered its holdings in Honeywell International Inc. (NYSE:HON) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 232,252 shares of the conglomerate’s stock after selling 1,033 shares during the period. Honeywell International accounts for about 2.8% of Fort Pitt Capital Group LLC’s portfolio, making the stock its 13th largest position. Fort Pitt Capital Group LLC’s holdings in Honeywell International were worth $35,618,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. AGF Investments America Inc. raised its position in shares of Honeywell International by 3.6% during the second quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock worth $6,358,000 after acquiring an additional 1,668 shares during the last quarter. BlackRock Inc. raised 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 acquiring an additional 1,207,893 shares during the last quarter. Rothschild Asset Management Inc. raised its position in shares of Honeywell International by 2,358.6% during the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock worth $48,115,000 after acquiring an additional 325,653 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Honeywell International by 22.6% during the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock worth $321,367,000 after acquiring an additional 417,770 shares during the last quarter. Finally, Veritable L.P. raised its position in shares of Honeywell International by 2.6% during the second quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock worth $4,300,000 after acquiring an additional 823 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors.
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 stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The transaction was disclosed in a filing 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 shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the sale, the director now 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.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. equities analysts expect that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International announced that its board has approved a share repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.745 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 1.96%. Honeywell International’s dividend payout ratio is presently 143.27%.
A number of equities research analysts have recently weighed in on HON shares. Deutsche Bank restated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus dropped their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Finally, Oppenheimer boosted their target price 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 investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target 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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