SeaCrest Wealth Management LLC increased its position in Honeywell International Inc. (NYSE:HON) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,803 shares of the conglomerate’s stock after acquiring an additional 115 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Honeywell International were worth $2,723,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $26,000. Hoover Financial Advisors Inc. purchased a new stake in Honeywell International in the fourth quarter valued at approximately $33,000. Catalyst Private Wealth LLC purchased a new stake in Honeywell International in the third quarter valued at approximately $29,000. Greenhouse Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $39,000. Finally, Kinloch Capital LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $40,000. Institutional investors own 75.97% of the company’s stock.
In other Honeywell International news, major shareholder Honeywell International Inc bought 15,000 shares of the firm’s stock in a transaction on Thursday, December 17th. The stock was acquired at an average price of $4.20 per share, with a total value of $63,000.00. Following the transaction, the insider now owns 2,892,116 shares in the company, valued at $12,146,887.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by insiders.
Honeywell International (NYSE:HON) last issued its earnings results on Thursday, January 28th. The conglomerate reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.07. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. Honeywell International’s revenue was down 6.3% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 7.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 12th. Shareholders of record on Friday, February 26th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, February 25th. Honeywell International’s dividend payout ratio (DPR) is 45.59%.
Several research analysts recently commented on HON shares. Barclays lifted their target price on shares of Honeywell International from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, November 30th. Jefferies Financial Group downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Wednesday, November 18th. They noted that the move was a valuation call. Credit Suisse Group cut their price target on shares of Honeywell International from $230.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, February 1st. Robert W. Baird lifted their price target on shares of Honeywell International from $167.00 to $221.00 and gave the company an “outperform” rating in a report on Tuesday, November 24th. Finally, Bank of America lifted their price target on shares of Honeywell International from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $193.33.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
Recommended Story: Technical Analysis
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.