Marshwinds Advisory Co. decreased its position in Honeywell International Inc. (NYSE:HON) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,341 shares of the conglomerate’s stock after selling 349 shares during the period. Marshwinds Advisory Co.’s holdings in Honeywell International were worth $1,586,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Abner Herrman & Brock LLC boosted its holdings in shares of Honeywell International by 1.2% in the fourth quarter. Abner Herrman & Brock LLC now owns 85,419 shares of the conglomerate’s stock valued at $13,100,000 after purchasing an additional 1,014 shares during the period. Neville Rodie & Shaw Inc. boosted its holdings in shares of Honeywell International by 2.5% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 54,833 shares of the conglomerate’s stock valued at $8,409,000 after purchasing an additional 1,338 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Honeywell International by 22.6% in the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock valued at $321,367,000 after purchasing an additional 417,770 shares during the period. Atlantic Trust Group LLC lifted its holdings in Honeywell International by 26.5% during the third quarter. Atlantic Trust Group LLC now owns 1,097,728 shares of the conglomerate’s stock worth $155,592,000 after buying an additional 230,298 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Honeywell International by 5.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,729,219 shares of the conglomerate’s stock worth $245,100,000 after buying an additional 89,351 shares during the period. Hedge funds and other institutional investors own 76.52% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at $147.90 on Friday. Honeywell International Inc. has a twelve month low of $119.64 and a twelve month high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $110,509.45, a price-to-earnings ratio of 20.68, a PEG ratio of 2.06 and a beta of 0.96.
Honeywell International announced that its Board of Directors has approved a stock repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm 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 dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. Honeywell International’s dividend payout ratio is presently 143.27%.
A number of analysts have weighed in on the company. Vertical Research restated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Oppenheimer upped their target price on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and set a $187.00 target price on shares of Honeywell International in a report on Friday, January 26th. Cowen restated a “buy” rating and set a $168.00 target price on shares of Honeywell International in a report on Monday, January 22nd. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.93.
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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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