Glenview Trust Co grew its position in shares of Honeywell International Inc. (NYSE:HON) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,394 shares of the conglomerate’s stock after acquiring an additional 453 shares during the quarter. Glenview Trust Co’s holdings in Honeywell International were worth $1,594,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Welch Group LLC acquired a new stake in Honeywell International in the fourth quarter worth about $100,000. Mascoma Wealth Management LLC lifted its holdings in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the period. Invictus RG acquired a new stake in Honeywell International in the third quarter worth about $117,000. Tower Research Capital LLC TRC lifted its holdings in Honeywell International by 772.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock worth $137,000 after purchasing an additional 912 shares during the period. Finally, Bruderman Asset Management LLC acquired a new stake in Honeywell International in the second quarter worth about $141,000. 75.27% of the stock is owned by institutional investors.
Shares of Honeywell International Inc. (HON) opened at $150.20 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. Honeywell International Inc. has a 1 year low of $122.40 and a 1 year high of $165.13. The company has a market cap of $114,138.86, a PE ratio of 72.21, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the business earned $1.74 earnings per share. Honeywell International’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International announced that its board has initiated a stock buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
HON has been the subject of several research analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Thursday, December 14th. Stifel Nicolaus reduced their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Finally, Oppenheimer upped their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $166.73.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.
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About Honeywell International
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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