Lyons Wealth Management LLC. acquired a new position in shares of Honeywell International Inc. (NYSE:HON) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,183 shares of the conglomerate’s stock, valued at approximately $795,000. Honeywell International comprises 1.3% of Lyons Wealth Management LLC.’s investment portfolio, making the stock its 25th largest holding.
A number of other institutional investors have also recently added to or reduced their stakes in HON. Raymond James Trust N.A. increased its position in Honeywell International by 1.4% during the second quarter. Raymond James Trust N.A. now owns 69,835 shares of the conglomerate’s stock worth $9,308,000 after purchasing an additional 998 shares during the last quarter. SVA Plumb Wealth Management LLC increased its position in Honeywell International by 2.2% during the second quarter. SVA Plumb Wealth Management LLC now owns 33,349 shares of the conglomerate’s stock worth $4,445,000 after purchasing an additional 730 shares during the last quarter. South State Corp increased its position in Honeywell International by 0.3% during the second quarter. South State Corp now owns 72,332 shares of the conglomerate’s stock worth $9,641,000 after purchasing an additional 236 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in Honeywell International during the second quarter worth about $251,000. Finally, Empirical Finance LLC acquired a new stake in Honeywell International during the second quarter worth about $219,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.
In other news, Director Linnet F. Deily sold 2,886 shares of the firm’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 value of $426,291.06. Following the completion of the transaction, the director now 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 the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. sell-side analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International declared that its Board of Directors has initiated a share repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s payout ratio is 143.27%.
Several research analysts have weighed in on HON shares. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 target price on shares of Honeywell International in a research note on Friday, January 26th. Bank of America increased their target price on shares of 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 shares of Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reaffirmed a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research note on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $166.73.
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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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