Parametrica Management Ltd lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 66.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,364 shares of the conglomerate’s stock after acquiring an additional 942 shares during the period. Parametrica Management Ltd’s holdings in Honeywell International were worth $363,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of HON. Vanguard Group Inc. lifted its position in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the last quarter. BlackRock Inc. lifted its position in Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after buying an additional 207,142 shares during the last quarter. FMR LLC lifted its position in Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after buying an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after buying an additional 629,221 shares during the last quarter. 77.97% of the stock is owned by institutional investors.
A number of analysts recently weighed in on the company. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. UBS Group assumed coverage on Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating for the company. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a research report on Friday, February 16th. Finally, Cowen reiterated a “buy” rating and issued a $168.00 price objective on shares of Honeywell International in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $165.67.
In other news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction on Monday, February 26th. The stock was 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 directly 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 insiders.
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 12 month low of $122.40 and a 12 month high of $165.13. The stock has a market capitalization of $111,679.80, a P/E ratio of 21.03, a PEG ratio of 2.10 and a beta of 0.98.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. sell-side analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International announced that its Board of Directors has authorized a stock buyback program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
Honeywell International Profile
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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