Winslow Capital Management LLC trimmed its stake in Honeywell (NYSE:HON) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,221,025 shares of the conglomerate’s stock after selling 197,784 shares during the period. Honeywell accounts for 1.9% of Winslow Capital Management LLC’s portfolio, making the stock its 15th largest position. Winslow Capital Management LLC’s holdings in Honeywell were worth $340,617,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Welch Group LLC purchased a new position in Honeywell during the 4th quarter worth $100,000. Taylor Hoffman Wealth Management purchased a new position in Honeywell during the 4th quarter worth $113,000. Mascoma Wealth Management LLC grew its stake in Honeywell by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares during the last quarter. Invictus RG purchased a new stake in Honeywell during the 3rd quarter valued at about $117,000. Finally, Tower Research Capital LLC TRC grew its stake in Honeywell by 772.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 912 shares during the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. Zacks Investment Research upgraded Honeywell from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Tuesday. Oppenheimer boosted their price target on Honeywell from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and set a $187.00 price target on shares of Honeywell in a research note on Friday, January 26th. Cowen reiterated a “buy” rating and set a $168.00 price target on shares of Honeywell in a research note on Monday, January 22nd. Finally, Stifel Nicolaus dropped their price target on Honeywell from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Honeywell has an average rating of “Buy” and a consensus target price of $166.07.
Shares of HON opened at $142.74 on Friday. Honeywell has a 52 week low of $122.40 and a 52 week 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. The stock has a market capitalization of $110,093.08, a PE ratio of 20.74, a P/E/G ratio of 2.01 and a beta of 0.97.
Honeywell (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. research analysts predict that Honeywell will post 7.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.09%. Honeywell’s payout ratio is 41.91%.
Honeywell declared that its board has authorized a share repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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