Yellowstone Partners LLC bought a new position in shares of Honeywell International Inc. (NYSE:HON) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,435 shares of the conglomerate’s stock, valued at approximately $203,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Chicago Partners Investment Group LLC grew its position in shares of Honeywell International by 157.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,856 shares of the conglomerate’s stock valued at $362,000 after acquiring an additional 1,745 shares during the period. Perennial Advisors LLC lifted its stake in Honeywell International by 1.3% in the 2nd quarter. Perennial Advisors LLC now owns 22,134 shares of the conglomerate’s stock valued at $2,950,000 after buying an additional 277 shares in the last quarter. Cambridge Trust Co. lifted its stake in Honeywell International by 1.7% in the 2nd quarter. Cambridge Trust Co. now owns 203,681 shares of the conglomerate’s stock worth $27,148,000 after purchasing an additional 3,439 shares in the last quarter. Palladium Partners LLC lifted its stake in Honeywell International by 0.5% in the 2nd quarter. Palladium Partners LLC now owns 17,785 shares of the conglomerate’s stock worth $2,370,000 after purchasing an additional 90 shares in the last quarter. Finally, Baker Ellis Asset Management LLC lifted its stake in Honeywell International by 5.6% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 20,181 shares of the conglomerate’s stock worth $2,690,000 after purchasing an additional 1,065 shares in the last quarter. Hedge funds and other institutional investors own 76.08% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down $0.22 during trading on Wednesday, hitting $148.28. 1,146,948 shares of the stock were exchanged, compared to its average volume of 3,509,852. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The firm has a market capitalization of $112,390.00, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping the 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 company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio is currently 143.27%.
Honeywell International declared that its board has authorized a share buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of analysts have recently issued reports on the stock. Cowen restated a “buy” rating and set a $150.00 price target on shares of Honeywell International in a report on Thursday, October 19th. Jefferies Group lifted their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a report on Friday, January 26th. Stifel Nicolaus dropped their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Finally, Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $163.93.
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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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