Daiwa Securities Group Inc. decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 64.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,433 shares of the conglomerate’s stock after selling 40,674 shares during the period. Daiwa Securities Group Inc.’s holdings in Honeywell International were worth $3,440,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Welch Group LLC acquired a new stake in Honeywell International in the 4th quarter worth about $100,000. Mascoma Wealth Management LLC raised its stake in 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 purchasing an additional 428 shares in the last quarter. Invictus RG acquired a new stake in Honeywell International in the 3rd quarter worth about $117,000. Tower Research Capital LLC TRC raised its stake in Honeywell International by 772.9% in the 2nd 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 in the last quarter. Finally, Bruderman Asset Management LLC acquired a new stake in Honeywell International in the 2nd quarter worth about $141,000. 75.27% of the stock is owned by institutional investors and hedge funds.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at $150.20 on Tuesday. The stock has a market cap of $114,138.86, a P/E ratio of 72.21, a P/E/G ratio of 2.14 and a beta of 0.98. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a 1-year low of $122.40 and a 1-year high of $165.13.
Honeywell International (NYSE:HON) last announced its quarterly 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 company 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%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. research analysts anticipate that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International announced that its board has authorized a share buyback program on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
HON has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $165.00 price objective on shares of Honeywell International in a research note on Friday, February 16th. Deutsche Bank restated a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Bank of America boosted their target price on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. UBS initiated coverage on shares of Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Jefferies Group boosted their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $166.73.
TRADEMARK VIOLATION WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2018/03/20/honeywell-international-inc-hon-shares-sold-by-daiwa-securities-group-inc.html.
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.
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.