Commerce Bank increased its holdings in shares of Honeywell (NYSE:HON) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 348,416 shares of the conglomerate’s stock after buying an additional 5,103 shares during the quarter. Commerce Bank’s holdings in Honeywell were worth $53,433,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Rothschild Asset Management Inc. raised its stake in shares of Honeywell by 2,358.6% in the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock valued at $48,115,000 after buying an additional 325,653 shares during the period. Prudential Financial Inc. raised its stake in shares of Honeywell by 22.6% in the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock valued at $321,367,000 after buying an additional 417,770 shares during the period. OLD National Bancorp IN raised its stake in shares of Honeywell by 10.8% in the third quarter. OLD National Bancorp IN now owns 9,443 shares of the conglomerate’s stock valued at $1,339,000 after buying an additional 918 shares during the period. Intrust Bank NA raised its stake in shares of Honeywell by 8.1% in the third quarter. Intrust Bank NA now owns 11,437 shares of the conglomerate’s stock valued at $1,622,000 after buying an additional 858 shares during the period. Finally, BP PLC raised its stake in shares of Honeywell by 3.0% in the fourth quarter. BP PLC now owns 139,000 shares of the conglomerate’s stock valued at $21,360,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.
In related news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now owns 41,092 shares of the company’s stock, 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.
Shares of NYSE HON opened at $142.74 on Friday. The firm has a market capitalization of $110,093.08, a PE ratio of 20.08, a P/E/G ratio of 2.01 and a beta of 0.97. Honeywell has a fifty-two week low of $122.40 and a fifty-two week 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.
Honeywell (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. equities research analysts predict that Honeywell will post 7.97 earnings per share 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 given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, February 22nd. Honeywell’s dividend payout ratio (DPR) is presently 41.91%.
Several brokerages have issued reports on HON. Zacks Investment Research upgraded Honeywell from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Tuesday, April 3rd. Oppenheimer boosted their target price on Honeywell from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Robert W. Baird restated a “buy” rating and issued a $187.00 target price on shares of Honeywell in a research note on Friday, January 26th. Cowen restated a “buy” rating and issued a $168.00 target price on shares of Honeywell in a research note on Monday, January 22nd. Finally, Stifel Nicolaus lowered their target price on Honeywell from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $166.07.
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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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