Wallington Asset Management LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,265 shares of the conglomerate’s stock after selling 1,240 shares during the period. Honeywell International accounts for 2.4% of Wallington Asset Management LLC’s portfolio, making the stock its 17th largest holding. Wallington Asset Management LLC’s holdings in Honeywell International were worth $9,396,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the period. BlackRock Inc. raised its position in shares of Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares during the period. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after purchasing an additional 207,142 shares during the period. FMR LLC raised its position in shares of Honeywell International by 9.3% during the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares during the period. Hedge funds and other institutional investors own 77.98% of the company’s stock.
In other Honeywell International 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 transaction, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) opened at $151.78 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a market cap of $114,138.87, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. Honeywell International Inc. has a fifty-two week low of $122.40 and a fifty-two week high of $165.13.
Honeywell International (NYSE:HON) last issued its quarterly earnings data 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 net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the company posted $1.74 EPS. The business’s revenue was up 8.6% on a year-over-year basis. equities research analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current year.
Honeywell International declared that its Board of Directors has approved a share repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.96%. Honeywell International’s payout ratio is currently 143.27%.
Several brokerages have recently commented on HON. Oppenheimer raised their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and set a $187.00 price objective on shares of Honeywell International in a research report on Friday, January 26th. Cowen restated a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a research report on Monday, January 22nd. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Stifel Nicolaus reduced their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell International has an average rating of “Buy” and an average target price of $165.67.
TRADEMARK VIOLATION WARNING: This news story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/03/18/wallington-asset-management-llc-has-9-40-million-stake-in-honeywell-international-inc-hon.html.
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.
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.