Braun Stacey Associates Inc. grew its position in Honeywell International Inc. (NYSE:HON) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,197 shares of the conglomerate’s stock after buying an additional 9,604 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Honeywell International were worth $10,942,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in HON. Hanson McClain Inc. boosted its stake in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the last quarter. Burt Wealth Advisors boosted its stake in shares of Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the last quarter. Guidant Wealth Advisors boosted its stake in shares of Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the last quarter. Finally, CKW Financial Group acquired a new stake in shares of Honeywell International during the second quarter valued at $108,000. Institutional investors and hedge funds own 76.30% of the company’s stock.
A number of analysts recently commented on the company. Citigroup set a $180.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus decreased their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Oppenheimer raised their price target on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Jefferies Group raised their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada raised their price target on Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $160.50.
Shares of Honeywell International Inc. (HON) opened at $153.49 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 52 week low of $115.42 and a 52 week high of $156.70. The stock has a market capitalization of $116,336.89, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. equities analysts predict that Honeywell International Inc. will post 7.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, November 16th. Honeywell International’s payout ratio is currently 45.15%.
Honeywell International declared that its board has authorized a stock repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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