Laurel Wealth Advisors LLC bought a new stake in Honeywell International Inc. (NYSE:HON) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,193 shares of the conglomerate’s stock, valued at approximately $1,743,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. CRA Financial Services LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $678,000. Level Four Advisory Services LLC raised its stake in shares of Honeywell International by 15.5% during the 4th quarter. Level Four Advisory Services LLC now owns 6,763 shares of the conglomerate’s stock valued at $894,000 after purchasing an additional 907 shares during the period. Mission Wealth Management LP raised its stake in shares of Honeywell International by 12.9% during the 4th quarter. Mission Wealth Management LP now owns 1,884 shares of the conglomerate’s stock valued at $249,000 after purchasing an additional 215 shares during the period. Stordahl Capital Management Inc. raised its stake in shares of Honeywell International by 5.2% during the 4th quarter. Stordahl Capital Management Inc. now owns 1,765 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 87 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Honeywell International by 69.6% during the 4th quarter. Acadian Asset Management LLC now owns 20,959 shares of the conglomerate’s stock valued at $2,769,000 after purchasing an additional 8,603 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.
HON has been the topic of a number of analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Deutsche Bank boosted their price objective on Honeywell International to $160.00 and gave the company a “buy” rating in a research note on Monday, February 4th. Barclays decreased their price objective on Honeywell International from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Finally, Credit Suisse Group upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price objective on the stock in a research note on Thursday, January 3rd. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $168.88.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The firm had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.72 billion. During the same period in the prior year, the business earned $1.85 EPS. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities research analysts expect that Honeywell International Inc. will post 7.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, February 21st. Honeywell International’s payout ratio is currently 40.95%.
In other news, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the sale, the insider now owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the transaction, the director now directly owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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