Bourgeon Capital Management LLC reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 42,622 shares of the conglomerate’s stock after selling 525 shares during the period. Honeywell International accounts for about 3.6% of Bourgeon Capital Management LLC’s portfolio, making the stock its 5th largest position. Bourgeon Capital Management LLC’s holdings in Honeywell International were worth $6,537,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HON. Janus Henderson Group PLC boosted its position in shares of Honeywell International by 4,986.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after acquiring an additional 4,308,688 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after acquiring an additional 3,728,533 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Honeywell International by 69.6% during the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after acquiring an additional 1,373,600 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after acquiring an additional 1,234,672 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
Honeywell International Inc. (HON) opened at $151.50 on Wednesday. Honeywell International Inc. has a 12-month low of $122.40 and a 12-month high of $165.13. The stock has a market cap of $113,380.00, a P/E ratio of 35.40, a PEG ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.745 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s payout ratio is 69.63%.
Honeywell International announced that its board has authorized a share buyback program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of research firms have commented on HON. Stifel Nicolaus restated a “buy” rating and issued a $165.00 price target on shares of Honeywell International in a research report on Friday, February 16th. Barclays began coverage on shares of Honeywell International in a research report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 price target on the stock. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. TheStreet lowered shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Finally, Robert W. Baird restated a “buy” rating and issued a $187.00 price target on shares of Honeywell International in a research report on Friday, January 26th. Three investment 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 price target of $165.67.
In related news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.
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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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