Arvest Bank Trust Division trimmed its position in Honeywell International Inc. (NYSE:HON) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,200 shares of the conglomerate’s stock after selling 3,559 shares during the quarter. Honeywell International accounts for 1.3% of Arvest Bank Trust Division’s holdings, making the stock its 23rd largest holding. Arvest Bank Trust Division’s holdings in Honeywell International were worth $19,047,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HON. Vanguard Group Inc. boosted its position in Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after buying an additional 1,234,672 shares in the last quarter. BlackRock Inc. boosted its position in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Honeywell International by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after buying an additional 207,142 shares in the last quarter. FMR LLC lifted its holdings in shares of Honeywell International by 9.3% during the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Honeywell International by 9.1% during the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the period. 75.73% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.56% of the stock is owned by insiders.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. Honeywell International’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 earnings per share. equities analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International announced that its board has authorized a stock repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors 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 yield of 1.93%. Honeywell International’s payout ratio is 69.63%.
A number of brokerages have recently commented on HON. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 price target on shares of Honeywell International in a report on Friday. Cowen reiterated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a report on Monday, January 22nd. Jefferies Group lifted their price target on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Bank of America lifted their price target on shares of Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $165.67.
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Honeywell International Company 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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