Brookmont Capital Management increased its position in Honeywell (NYSE:HON) by 46.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,573 shares of the conglomerate’s stock after purchasing an additional 12,226 shares during the quarter. Honeywell accounts for 2.6% of Brookmont Capital Management’s portfolio, making the stock its 21st largest position. Brookmont Capital Management’s holdings in Honeywell were worth $5,916,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in HON. Welch Group LLC bought a new position in Honeywell during the 4th quarter valued at $100,000. Taylor Hoffman Wealth Management bought a new position in Honeywell during the 4th quarter valued at $113,000. Mascoma Wealth Management LLC boosted its stake in Honeywell by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 428 shares during the last quarter. Invictus RG bought a new position in Honeywell during the 3rd quarter valued at $117,000. Finally, Trustcore Financial Services LLC bought a new position in Honeywell during the 4th quarter valued at $142,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
A number of research analysts have commented on HON shares. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 price objective on shares of Honeywell in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Honeywell from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Bank of America increased their price objective on shares of Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a research note on Friday, January 26th. UBS started coverage on shares of Honeywell in a research note on Monday, January 22nd. They set a “buy” rating on the stock. Finally, Jefferies Group increased their price objective on shares of Honeywell from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $166.07.
HON stock opened at $142.74 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. Honeywell has a fifty-two week low of $122.40 and a fifty-two week high of $165.13. The stock has a market capitalization of $110,093.08, a P/E ratio of 20.08, a PEG ratio of 2.01 and a beta of 0.97.
Honeywell (NYSE:HON) last released its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell 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 quarter last year, the company earned $1.74 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts forecast that Honeywell will post 7.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.09%. Honeywell’s dividend payout ratio (DPR) is presently 41.91%.
In other Honeywell news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were 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 of the company’s stock, valued at approximately $1,344,899.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the transaction, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
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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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