Buckley Wealth Management LLC acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,846 shares of the conglomerate’s stock, valued at approximately $436,000.
Other large investors also recently added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV raised its holdings in shares of Honeywell International by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after acquiring an additional 14 shares in the last quarter. GM Advisory Group Inc. raised its holdings in shares of Honeywell International by 1.4% during the second quarter. GM Advisory Group Inc. now owns 2,187 shares of the conglomerate’s stock valued at $292,000 after acquiring an additional 31 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in shares of Honeywell International by 0.4% during the second quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after acquiring an additional 31 shares in the last quarter. Risk Paradigm Group LLC raised its holdings in shares of Honeywell International by 2.7% during the second quarter. Risk Paradigm Group LLC now owns 1,653 shares of the conglomerate’s stock valued at $220,000 after acquiring an additional 44 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC raised its holdings in shares of Honeywell International by 0.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 10,046 shares of the conglomerate’s stock valued at $1,393,000 after acquiring an additional 48 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
Honeywell International stock opened at $151.36 on Thursday. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $112,950.69, a price-to-earnings ratio of 72.77, a PEG ratio of 2.12 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 earnings per share 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 firm had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $1.74 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. sell-side analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International declared that its Board of Directors has authorized a stock repurchase plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.97%. Honeywell International’s payout ratio is presently 143.27%.
HON has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $165.00 target price on shares of Honeywell International in a report on Friday, February 16th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Bank of America increased their price objective on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, UBS started coverage on Honeywell International in a report on Monday, January 22nd. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $166.73.
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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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