Claraphi Advisory Network LLC purchased a new stake in Honeywell International Inc. (NYSE:HON) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,379 shares of the conglomerate’s stock, valued at approximately $978,000. Honeywell International comprises 0.8% of Claraphi Advisory Network LLC’s holdings, making the stock its 25th biggest holding.
Several other large investors have also recently made changes to their positions in HON. Intercontinental Wealth Advisors LLC purchased a new position in shares of Honeywell International in the second quarter worth about $267,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Honeywell International by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,637 shares of the conglomerate’s stock worth $7,549,000 after purchasing an additional 173 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of Honeywell International by 0.4% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 181,110 shares of the conglomerate’s stock worth $24,140,000 after purchasing an additional 669 shares during the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Honeywell International in the second quarter worth about $384,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Honeywell International by 1.7% in the second quarter. Flagship Harbor Advisors LLC now owns 6,245 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.
Shares of HON stock opened at $150.48 on Wednesday. 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 capitalization of $112,950.69, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the 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 company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% compared to the same quarter last year. equities research analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s payout ratio is currently 143.27%.
Honeywell International announced that its Board of Directors has initiated a share buyback program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages have recently issued reports on HON. Oppenheimer raised their price objective on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Robert W. Baird restated a “buy” rating and issued a $187.00 price objective on shares of Honeywell International in a research note on Friday, January 26th. Cowen reaffirmed a “buy” rating and set a $168.00 target price on shares of Honeywell International in a report on Monday, January 22nd. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus dropped their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $166.73.
In other news, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction that occurred on 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 directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
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Honeywell International 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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