Kornitzer Capital Management Inc. KS cut its stake in Honeywell International Inc. (NYSE:HON) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 58,798 shares of the conglomerate’s stock after selling 21,047 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Honeywell International were worth $9,017,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in HON. Vanguard Group Inc. grew its stake in Honeywell International by 2.5% during 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. grew its stake in Honeywell International by 2.8% during 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. grew its stake in Honeywell International by 1.6% during 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 grew its stake in Honeywell International by 9.3% during 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. grew its stake in Honeywell International by 9.1% during 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. Institutional investors and hedge funds own 77.97% of the company’s stock.
Several research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $165.00 target price on shares of Honeywell International in a research note on Friday, February 16th. Barclays assumed coverage on Honeywell International in a research note on Thursday, February 15th. They set an “overweight” rating and a $170.00 target price on the stock. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Finally, Robert W. Baird restated a “buy” rating and set a $187.00 target price on shares of Honeywell International in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $165.67.
Shares of Honeywell International Inc. (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. The firm has a market capitalization of $111,679.80, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. Honeywell International Inc. has a one year low of $122.40 and a one year high of $165.13.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 EPS. equities research analysts forecast that Honeywell International Inc. will post 7.97 earnings per share for the current 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 issued a $0.745 dividend. 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 declared that its Board of Directors has initiated a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
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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