Ibex Wealth Advisors raised its holdings in shares of Honeywell (NYSE:HON) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,028 shares of the conglomerate’s stock after purchasing an additional 489 shares during the period. Ibex Wealth Advisors’ holdings in Honeywell were worth $3,422,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of HON. Welch Group LLC purchased a new position in shares of Honeywell in the 4th quarter worth $100,000. Wagner Wealth Management LLC purchased a new position in shares of Honeywell in the 4th quarter worth $101,000. Well Done LLC purchased a new position in shares of Honeywell in the 1st quarter worth $103,000. Taylor Hoffman Wealth Management purchased a new position in shares of Honeywell in the 4th quarter worth $113,000. Finally, Bruderman Asset Management LLC purchased a new position in shares of Honeywell in the 1st quarter worth $114,000. Institutional investors and hedge funds own 74.24% of the company’s stock.
Shares of Honeywell stock opened at $144.00 on Monday. Honeywell has a one year low of $131.42 and a one year high of $165.13. The firm has a market capitalization of $107.54 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72.
Honeywell (NYSE:HON) last announced its earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.06. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $10.03 billion. During the same period last year, the firm earned $1.71 EPS. Honeywell’s revenue for the quarter was up 9.5% compared to the same quarter last year. analysts forecast that Honeywell will post 8.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, May 18th were issued a $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.07%. Honeywell’s dividend payout ratio is currently 41.91%.
A number of equities analysts have recently issued reports on HON shares. Zacks Investment Research downgraded Honeywell from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Barclays raised their price target on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. Oppenheimer dropped their price target on Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, April 30th. ValuEngine downgraded Honeywell from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, TheStreet upgraded Honeywell from a “c+” rating to an “a-” rating in a research note on Friday, April 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $169.21.
In other Honeywell news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the firm’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $150.59, for a total transaction of $515,921.34. Following the sale, the director now directly owns 43,773 shares of the company’s stock, valued at $6,591,776.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy O. Mahoney sold 114,489 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.20, for a total value of $17,196,247.80. Following the sale, the insider now directly owns 314,725 shares in the company, valued at $47,271,695. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell (NYSE:HON).
Receive News & Ratings for Honeywell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell and related companies with MarketBeat.com's FREE daily email newsletter.