Canal Capital Management LLC acquired a new position in Honeywell International Inc. (NYSE:HON) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,356 shares of the conglomerate’s stock, valued at approximately $361,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hudock Capital Group LLC raised its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after buying an additional 14 shares in the last quarter. Rowland & Co. Investment Counsel ADV raised its stake in shares of Honeywell International by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after buying an additional 14 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after buying an additional 16 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in shares of Honeywell International by 0.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after buying an additional 21 shares in the last quarter. Finally, Bienville Capital Management LLC raised its stake in shares of Honeywell International by 1.0% in the 2nd quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock worth $417,000 after buying an additional 31 shares in the last quarter. 75.73% of the stock is currently owned by institutional investors.
In other news, Director Linnet F. Deily sold 2,886 shares of Honeywell International 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 transaction, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.56% of the company’s stock.
Honeywell International Inc. (NYSE HON) opened at $155.12 on Friday. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $116,650.00, a price-to-earnings ratio of 36.24, a PEG ratio of 2.17 and a beta of 0.96.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating 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 business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. Honeywell International’s revenue for the quarter was up 8.6% compared to the same quarter last year. analysts expect that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International declared that its Board of Directors has authorized a share 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 buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio is 69.63%.
A number of analysts have recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $165.00 price objective 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 assumed coverage on Honeywell International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $170.00 price objective on the stock. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $187.00 target price on shares of Honeywell International in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus 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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