Honeywell (NYSE:HON) Position Boosted by Modera Wealth Management LLC

Modera Wealth Management LLC lifted its holdings in Honeywell (NYSE:HON) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,113 shares of the conglomerate’s stock after acquiring an additional 500 shares during the period. Modera Wealth Management LLC’s holdings in Honeywell were worth $937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Bank of The West lifted its position in shares of Honeywell by 6.0% in the 4th quarter. Bank of The West now owns 9,378 shares of the conglomerate’s stock worth $1,439,000 after buying an additional 535 shares during the last quarter. Benedict Financial Advisors Inc. lifted its position in Honeywell by 1.4% in the 4th quarter. Benedict Financial Advisors Inc. now owns 27,566 shares of the conglomerate’s stock valued at $4,227,000 after purchasing an additional 378 shares during the last quarter. Loeb Partners Corp lifted its position in Honeywell by 258.3% in the 4th quarter. Loeb Partners Corp now owns 34,400 shares of the conglomerate’s stock valued at $5,276,000 after purchasing an additional 24,800 shares during the last quarter. Aries Wealth Management bought a new stake in Honeywell in the 4th quarter valued at about $984,000. Finally, Cypress Wealth Services LLC bought a new stake in Honeywell in the 4th quarter valued at about $412,000. 75.30% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Honeywell from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $165.00 target price on shares of Honeywell in a report on Friday, February 16th. Barclays assumed coverage on shares of Honeywell in a report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 target price for the company. ValuEngine upgraded shares of Honeywell from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet cut shares of Honeywell from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell has an average rating of “Buy” and an average target price of $166.07.

Shares of HON stock traded down $3.66 on Friday, reaching $142.74. The company had a trading volume of 2,867,863 shares, compared to its average volume of 2,714,867. Honeywell has a 12 month low of $122.40 and a 12 month high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. The stock has a market cap of $110,093.08, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.01 and a beta of 0.97.

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

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

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

In other Honeywell news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the 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 transaction, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was 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 owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

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Honeywell 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.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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