Good Life Advisors LLC Boosts Stake in Honeywell (HON)

Good Life Advisors LLC lifted its holdings in Honeywell (NYSE:HON) by 28.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,332 shares of the conglomerate’s stock after purchasing an additional 1,420 shares during the period. Good Life Advisors LLC’s holdings in Honeywell were worth $977,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Welch Group LLC purchased a new position in shares of Honeywell in the fourth quarter worth about $100,000. Taylor Hoffman Wealth Management purchased a new position in Honeywell during the fourth quarter worth about $113,000. Mascoma Wealth Management LLC raised its stake in Honeywell by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the period. Invictus RG purchased a new position in Honeywell during the third quarter worth about $117,000. Finally, Trustcore Financial Services LLC purchased a new position in Honeywell during the fourth quarter worth about $142,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have commented on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 target price on shares of Honeywell in a research note on Friday, January 26th. Bank of America lifted their target price on shares of Honeywell from $117.12 to $168.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. TheStreet downgraded shares of Honeywell from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine raised shares of Honeywell from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reaffirmed a “buy” rating and set a $168.00 target price on shares of Honeywell in a research note on Monday, January 22nd. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $166.07.

In other news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Honeywell stock opened at $142.74 on Friday. The company has a market capitalization of $108,919.96, a PE ratio of 20.08, a P/E/G ratio of 1.99 and a beta of 0.97. Honeywell has a 1 year low of $122.40 and a 1 year 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.

Honeywell (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell had a net margin of 4.08% and a return on equity of 27.27%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. research analysts forecast that Honeywell will post 7.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, February 22nd. Honeywell’s dividend payout ratio (DPR) is 41.91%.

Honeywell announced that its board has initiated a share repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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