UMB Bank N A MO lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.0% in the fourth quarter, HoldingsChannel reports. The fund owned 36,122 shares of the conglomerate’s stock after selling 357 shares during the period. UMB Bank N A MO’s holdings in Honeywell International were worth $5,539,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in HON. Burt Wealth Advisors raised its holdings in shares of Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Mascoma Wealth Management LLC raised its holdings in shares of Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 428 shares in the last quarter. Invictus RG purchased a new stake in Honeywell International in the third quarter worth $117,000. Finally, First Personal Financial Services grew its stake in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after purchasing an additional 185 shares during the period. Institutional investors own 75.73% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) opened at $154.34 on Wednesday. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13. The company has a market capitalization of $115,830.86, a price-to-earnings ratio of 21.82, a PEG ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last released 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 International 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 analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. equities research analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International announced that its board has approved a stock repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
In related news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available at this link. Company insiders own 1.56% of the company’s stock.
Several brokerages recently weighed in on HON. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 price target on shares of Honeywell International in a research note on Friday, February 16th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays began coverage on Honeywell International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $170.00 price target on the stock. TheStreet cut Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Finally, UBS Group began coverage on Honeywell International in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average target price of $165.67.
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Honeywell International Company 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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