Prospera Financial Services Inc lessened its holdings in Honeywell International Inc. (NYSE:HON) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,641 shares of the conglomerate’s stock after selling 698 shares during the period. Prospera Financial Services Inc’s holdings in Honeywell International were worth $2,252,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Pratt Collard Advisory Partners LLC acquired a new position in Honeywell International in the fourth quarter worth about $337,000. Chemung Canal Trust Co. raised its position in Honeywell International by 2.3% in the fourth quarter. Chemung Canal Trust Co. now owns 38,705 shares of the conglomerate’s stock worth $5,936,000 after purchasing an additional 876 shares in the last quarter. Northpointe Capital LLC acquired a new position in Honeywell International in the fourth quarter worth about $2,619,000. Cerebellum GP LLC acquired a new position in Honeywell International in the fourth quarter worth about $309,000. Finally, WoodTrust Financial Corp acquired a new stake in shares of Honeywell International during the fourth quarter worth approximately $1,950,000. 75.73% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were 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 through the SEC website. 1.56% of the stock is owned by corporate insiders.
Shares of Honeywell International Inc. (NYSE:HON) opened at $153.31 on Friday. Honeywell International Inc. has a 52 week low of $122.40 and a 52 week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The company has a market cap of $115,845.91, a P/E ratio of 21.82, a PEG ratio of 2.17 and a beta of 0.96.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ 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 business 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 earned $1.74 earnings per share. Honeywell International’s revenue was up 8.6% compared to the same quarter last year. analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International announced that its board has approved a stock buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid 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 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 143.27%.
Several analysts have recently weighed in on HON shares. Royal Bank of Canada lowered shares of Honeywell International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $163.00 to $158.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer raised their price objective 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. TheStreet lowered shares of Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Barclays started coverage on shares of Honeywell International in a report on Thursday, February 15th. They set an “overweight” rating and a $170.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $165.67.
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About Honeywell International
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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