Brown Advisory Inc. lowered its holdings in Honeywell International Inc. (NYSE:HON) by 4.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 81,182 shares of the conglomerate’s stock after selling 3,736 shares during the quarter. Brown Advisory Inc.’s holdings in Honeywell International were worth $11,507,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Burt Wealth Advisors grew its stake in shares of Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the period. Guidant Wealth Advisors lifted its holdings in shares of Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the period. Mascoma Wealth Management LLC lifted its holdings in shares of Honeywell International by 113.2% in the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the period. Finally, CKW Financial Group acquired a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $108,000. Hedge funds and other institutional investors own 76.52% of the company’s stock.
HON has been the subject of several research reports. Deutsche Bank reissued a “buy” rating and set a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Royal Bank of Canada lifted their price objective on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 price objective on Honeywell International and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Oppenheimer boosted their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $163.93.
Honeywell International Inc. (HON) opened at $147.90 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a one year low of $120.74 and a one year high of $165.13. The company has a market capitalization of $111,932.20, a PE ratio of 71.11, a P/E/G ratio of 2.09 and a beta of 0.96.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Honeywell International’s revenue for the quarter was up 8.6% compared to the same quarter last year. analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International declared that its Board of Directors has initiated a share repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced 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. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
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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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