Adell Harriman & Carpenter Inc. boosted its holdings in Honeywell (NYSE:HON) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,527 shares of the conglomerate’s stock after buying an additional 814 shares during the quarter. Honeywell accounts for about 2.0% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 15th largest position. Adell Harriman & Carpenter Inc.’s holdings in Honeywell were worth $9,469,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of HON. Welch Group LLC acquired a new position in Honeywell in the 4th quarter worth approximately $100,000. Wagner Wealth Management LLC acquired a new position in Honeywell in the 4th quarter worth approximately $101,000. Taylor Hoffman Wealth Management acquired a new position in Honeywell in the 4th quarter worth approximately $113,000. Invictus RG acquired a new position in Honeywell in the 3rd quarter worth approximately $117,000. Finally, Thompson Davis & CO. Inc. boosted its stake in Honeywell by 325.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 850 shares of the conglomerate’s stock worth $123,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 75.62% of the company’s stock.
Shares of NYSE:HON opened at $148.34 on Monday. The firm has a market cap of $110.80 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.98 and a beta of 0.98. Honeywell has a 12-month low of $130.70 and a 12-month high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.11.
Honeywell (NYSE:HON) last issued its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. equities analysts forecast that Honeywell will post 8.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 18th will be paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, May 17th. Honeywell’s dividend payout ratio (DPR) is currently 41.91%.
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 transaction of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.33% of the company’s stock.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Honeywell from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered shares of Honeywell from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Oppenheimer decreased their price objective on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, April 30th. TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a research note on Friday, April 20th. Finally, Barclays raised their price objective on shares of Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $167.73.
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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