State of Alaska Department of Revenue increased its stake in Honeywell International Inc. (NYSE:HON) by 925.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 76,084 shares of the conglomerate’s stock after buying an additional 68,663 shares during the quarter. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $11,666,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of 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 worth $101,000 after buying an additional 300 shares during the last quarter. Mosaic Family Wealth LLC grew its stake 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 worth $102,000 after buying an additional 78 shares during the last quarter. Mascoma Wealth Management LLC grew its stake 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 worth $114,000 after buying an additional 428 shares during the last quarter. Invictus RG purchased a new stake in shares of Honeywell International in the 3rd quarter worth approximately $117,000. Finally, First Personal Financial Services grew its stake in shares of Honeywell International by 25.4% in the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after buying an additional 185 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
HON has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Honeywell International in a research report on Friday. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a research report on Tuesday, November 28th. Bank of America upped their price objective on Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, UBS Group began coverage on Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $165.67.
Honeywell International Inc. (NYSE HON) opened at $154.03 on Friday. The firm has a market capitalization of $115,830.87, a price-to-earnings ratio of 21.82, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. sell-side analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The company also recently declared 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 1.93%. Honeywell International’s payout ratio is 143.27%.
Honeywell International declared that its board has authorized a stock repurchase plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.56% of the stock is owned by corporate insiders.
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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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