GenWealth Group Inc. grew its stake in Honeywell International Inc. (NYSE:HON) by 19.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,762 shares of the conglomerate’s stock after acquiring an additional 450 shares during the quarter. GenWealth Group Inc.’s holdings in Honeywell International were worth $437,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. AGF Investments America Inc. grew its position in Honeywell International by 3.6% in the second quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock worth $6,358,000 after acquiring an additional 1,668 shares during the period. BlackRock Inc. grew its position in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares during the period. Rothschild Asset Management Inc. grew its position in Honeywell International by 2,358.6% in the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock worth $48,115,000 after acquiring an additional 325,653 shares during the period. Prudential Financial Inc. grew its position in Honeywell International by 22.6% in the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock worth $321,367,000 after acquiring an additional 417,770 shares during the period. Finally, Veritable L.P. grew its position in Honeywell International by 2.6% in the second quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock worth $4,300,000 after acquiring an additional 823 shares during the period. Institutional investors and hedge funds own 77.97% of the company’s stock.
Several research analysts recently weighed in on HON shares. TheStreet lowered Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Royal Bank of Canada lowered Honeywell International from an “outperform” rating to a “sector perform” rating and lowered their price objective 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. Oppenheimer increased their price objective on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Citigroup set a $180.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $165.67.
Honeywell International Inc. (NYSE HON) opened at $149.33 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. Honeywell International Inc. has a 52 week low of $122.40 and a 52 week high of $165.13. The company has a market capitalization of $111,679.80, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.74 earnings per share. sell-side analysts predict that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 22nd. Honeywell International’s payout ratio is currently 143.27%.
Honeywell International announced that its Board of Directors has initiated a stock repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the 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 completion of the sale, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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