Clear Harbor Asset Management LLC cut its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,422 shares of the conglomerate’s stock after selling 817 shares during the period. Honeywell International comprises approximately 1.5% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 14th largest position. Clear Harbor Asset Management LLC’s holdings in Honeywell International were worth $8,039,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of HON. Penobscot Investment Management Company Inc. boosted its position in Honeywell International by 4.4% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,217 shares of the conglomerate’s stock worth $2,695,000 after buying an additional 857 shares during the period. Nippon Life Insurance Co. boosted its position in Honeywell International by 39.5% during the 2nd quarter. Nippon Life Insurance Co. now owns 41,390 shares of the conglomerate’s stock worth $5,517,000 after buying an additional 11,712 shares during the period. ZWJ Investment Counsel Inc. boosted its position in Honeywell International by 1.6% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 10,548 shares of the conglomerate’s stock worth $1,406,000 after buying an additional 165 shares during the period. Jennison Associates LLC boosted its position in Honeywell International by 0.4% during the 2nd quarter. Jennison Associates LLC now owns 251,903 shares of the conglomerate’s stock worth $33,576,000 after buying an additional 894 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $279,000. Institutional investors and hedge funds own 75.73% of the company’s stock.
HON has been the topic of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a report on Thursday, December 14th. Stifel Nicolaus lowered their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Finally, Oppenheimer raised their price target on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $165.67.
Honeywell International Inc. (HON) opened at $154.05 on Thursday. 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 fifty-two week low of $122.40 and a fifty-two week high of $165.13. The stock has a market cap of $116,063.98, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. Honeywell International’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 EPS. sell-side analysts forecast that Honeywell International Inc. will post 7.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.745 dividend. 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 is currently 143.27%.
Honeywell International announced that its board has authorized a stock repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction 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 in the company, valued at approximately $1,344,899.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.56% of the company’s stock.
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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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