Calamos Advisors LLC cut its stake in Honeywell (NYSE:HON) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 387,502 shares of the conglomerate’s stock after selling 29,556 shares during the period. Calamos Advisors LLC’s holdings in Honeywell were worth $59,427,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Aevitas Wealth Management Inc. purchased a new position in shares of Honeywell during the 4th quarter worth approximately $383,000. Amalgamated Bank boosted its position in Honeywell by 9.7% during the fourth quarter. Amalgamated Bank now owns 98,744 shares of the conglomerate’s stock worth $15,143,000 after acquiring an additional 8,700 shares during the last quarter. Calamos Wealth Management LLC boosted its position in Honeywell by 39.1% during the fourth quarter. Calamos Wealth Management LLC now owns 45,656 shares of the conglomerate’s stock worth $7,002,000 after acquiring an additional 12,835 shares during the last quarter. Mackenzie Financial Corp boosted its position in Honeywell by 91.6% during the fourth quarter. Mackenzie Financial Corp now owns 363,846 shares of the conglomerate’s stock worth $55,799,000 after acquiring an additional 173,907 shares during the last quarter. Finally, Wade G W & Inc. boosted its position in Honeywell by 11.5% during the fourth quarter. Wade G W & Inc. now owns 112,499 shares of the conglomerate’s stock worth $17,253,000 after acquiring an additional 11,626 shares during the last quarter. 75.30% of the stock is owned by institutional investors.
Shares of HON opened at $142.74 on Monday. The firm has a market capitalization of $107,340.77, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.96 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 current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
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 Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell had a net margin of 4.08% and a return on equity of 27.27%. Honeywell’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 EPS. sell-side analysts forecast that Honeywell will post 7.97 earnings per share for the current fiscal year.
HON has been the topic of a number of analyst reports. Royal Bank of Canada lowered shares of Honeywell from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Citigroup set a $180.00 target price on shares of Honeywell and gave the stock a “buy” rating in a research report on Thursday, December 14th. Barclays initiated coverage on shares of Honeywell in a research report on Thursday, February 15th. They set an “overweight” rating and a $170.00 target price on the stock. Oppenheimer raised their target price on shares of Honeywell from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Finally, Jefferies Group raised their target price on shares of Honeywell from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $166.07.
In other Honeywell news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction on Monday, February 26th. The shares were 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 in the company, valued at approximately $6,425,145.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell stock in a transaction on Wednesday, February 14th. The shares were 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 owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
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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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