XR Securities LLC purchased a new stake in Honeywell (NYSE:HON) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,052 shares of the conglomerate’s stock, valued at approximately $296,000.
Other hedge funds have also modified their holdings of the company. Quadrant Capital Management LLC grew its position in shares of Honeywell by 3.1% in the 4th quarter. Quadrant Capital Management LLC now owns 12,255 shares of the conglomerate’s stock valued at $1,879,000 after acquiring an additional 365 shares during the period. Victory Capital Management Inc. grew its position in shares of Honeywell by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 43,151 shares of the conglomerate’s stock valued at $6,617,000 after acquiring an additional 2,641 shares during the period. Autus Asset Management LLC grew its position in shares of Honeywell by 1.1% in the 4th quarter. Autus Asset Management LLC now owns 44,029 shares of the conglomerate’s stock valued at $6,752,000 after acquiring an additional 473 shares during the period. Peregrine Asset Advisers Inc. bought a new position in shares of Honeywell in the 4th quarter valued at about $201,000. Finally, First Western Capital Management Co grew its position in shares of Honeywell by 7.8% in the 4th quarter. First Western Capital Management Co now owns 32,193 shares of the conglomerate’s stock valued at $4,937,000 after acquiring an additional 2,339 shares during the period. Hedge funds and other institutional investors own 74.43% of the company’s stock.
HON has been the subject of several research analyst reports. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a report on Monday, May 21st. ValuEngine downgraded shares of Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Wolfe Research initiated coverage on shares of Honeywell in a report on Wednesday, June 27th. They set an “outperform” rating and a $170.00 target price for the company. TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Finally, Oppenheimer reduced their target price on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, April 30th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $169.27.
Honeywell opened at $145.72 on Friday, according to Marketbeat.com. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $108.25 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.98. Honeywell has a 12-month low of $133.49 and a 12-month high of $165.13.
Honeywell (NYSE:HON) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.06. The firm had revenue of $10.39 billion during 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 for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. research analysts forecast that Honeywell will post 8.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, May 17th. Honeywell’s dividend payout ratio is currently 41.91%.
In other Honeywell news, insider Timothy O. Mahoney sold 114,489 shares of the business’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 completion of the sale, the insider now owns 314,725 shares of the company’s stock, valued at approximately $47,271,695. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 3,426 shares of the business’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.59, for a total transaction of $515,921.34. Following the completion of the sale, the director now directly owns 43,773 shares of the company’s stock, valued at approximately $6,591,776.07. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
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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