Osborn Williams & Donohoe LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,533 shares of the conglomerate’s stock after selling 8,521 shares during the quarter. Honeywell International makes up 1.4% of Osborn Williams & Donohoe LLC’s portfolio, making the stock its 22nd biggest holding. Osborn Williams & Donohoe LLC’s holdings in Honeywell International were worth $7,588,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Burt Wealth Advisors lifted its position in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the period. Mosaic Family Wealth LLC increased its stake in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares during the last quarter. Guidant Wealth Advisors increased its stake in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the last quarter. CKW Financial Group acquired a new stake in Honeywell International during the second quarter worth about $108,000. Finally, Hanson McClain Inc. increased its stake in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.
Honeywell International Inc. (HON) traded up $1.02 during trading hours on Friday, reaching $154.25. The company’s stock had a trading volume of 3,820,766 shares, compared to its average volume of 2,812,974. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 52 week low of $113.60 and a 52 week high of $156.70. The company has a market cap of $116,647.13, a P/E ratio of 22.18, a PEG ratio of 2.35 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.
Honeywell International declared that its Board of Directors has initiated a share buyback program 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 programs are often a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts have commented on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Thursday, September 21st. Deutsche Bank restated a “buy” rating and set a $171.00 price target on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank of Canada increased their target price on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Citigroup increased their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Finally, Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $159.79.
In related news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
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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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