Cetera Investment Advisers Buys 831 Shares of Honeywell International Inc. (HON)

Cetera Investment Advisers lifted its stake in Honeywell International Inc. (NYSE:HON) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,386 shares of the conglomerate’s stock after acquiring an additional 831 shares during the quarter. Cetera Investment Advisers’ holdings in Honeywell International were worth $1,440,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HON. Welch Group LLC acquired a new position in Honeywell International during the fourth quarter worth approximately $100,000. Mascoma Wealth Management LLC increased its position in Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the last quarter. Invictus RG acquired a new position in Honeywell International during the third quarter worth approximately $117,000. Tower Research Capital LLC TRC boosted its holdings in shares of Honeywell International by 772.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock worth $137,000 after acquiring an additional 912 shares during the period. Finally, Bruderman Asset Management LLC bought a new stake in shares of Honeywell International during the second quarter worth approximately $141,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

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In related news, 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 value of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 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 $1,344,899.55. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

A number of equities research analysts have recently issued reports on HON shares. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. TheStreet cut Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Royal Bank of Canada cut Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $163.00 to $158.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Oppenheimer boosted their price objective on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $166.73.

Shares of Honeywell International stock opened at $143.28 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. The stock has a market capitalization of $110,454.05, a P/E ratio of 68.88, a P/E/G ratio of 2.01 and a beta of 0.98. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion during 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 firm’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 company posted $1.74 earnings per share. research analysts predict that Honeywell International Inc. will post 7.97 EPS for the current year.

Honeywell International declared that its Board of Directors has approved a stock repurchase plan on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors 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 was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is currently 143.27%.

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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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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