Willingdon Wealth Management lifted its stake in shares of Honeywell (NYSE:HON) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,489 shares of the conglomerate’s stock after buying an additional 1,042 shares during the quarter. Willingdon Wealth Management’s holdings in Honeywell were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in HON. Welch Group LLC purchased a new stake in Honeywell in the fourth quarter worth about $100,000. Wagner Wealth Management LLC purchased a new stake in Honeywell in the fourth quarter worth about $101,000. Taylor Hoffman Wealth Management purchased a new stake in Honeywell in the fourth quarter worth about $113,000. Invictus RG purchased a new stake in Honeywell in the third quarter worth about $117,000. Finally, Thompson Davis & CO. Inc. grew its holdings in Honeywell by 325.0% in the first 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. Institutional investors own 74.46% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Honeywell from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a report on Monday. ValuEngine cut shares of Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Oppenheimer cut their price objective on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, April 30th. TheStreet upgraded shares of Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Finally, Barclays upped their price objective on shares of Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, April 23rd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $167.53.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred 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 transaction, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.33% of the stock is owned by corporate insiders.
Shares of NYSE HON opened at $150.87 on Wednesday. The company has a market capitalization of $112.41 billion, a PE ratio of 21.22, a PEG ratio of 2.02 and a beta of 0.98. Honeywell has a 52-week low of $131.35 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.36.
Honeywell (NYSE:HON) last issued its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. research analysts anticipate that Honeywell will post 8.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a yield of 1.98%. Honeywell’s dividend payout ratio (DPR) is 41.91%.
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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