Burney Co. boosted its holdings in shares of Honeywell (NYSE:HON) by 17.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,715 shares of the conglomerate’s stock after buying an additional 1,559 shares during the quarter. Burney Co.’s holdings in Honeywell were worth $1,643,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Rothschild Asset Management Inc. increased its holdings in shares of Honeywell by 2,358.6% during the 3rd quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock valued at $48,115,000 after purchasing an additional 325,653 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Honeywell by 22.6% during the 3rd quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock valued at $321,367,000 after purchasing an additional 417,770 shares in the last quarter. Employees Retirement System of Texas increased its holdings in shares of Honeywell by 12.9% during the 4th quarter. Employees Retirement System of Texas now owns 203,300 shares of the conglomerate’s stock valued at $31,178,000 after purchasing an additional 23,300 shares in the last quarter. OLD National Bancorp IN increased its holdings in shares of Honeywell by 10.8% during the 3rd quarter. OLD National Bancorp IN now owns 9,443 shares of the conglomerate’s stock valued at $1,339,000 after purchasing an additional 918 shares in the last quarter. Finally, Intrust Bank NA grew its stake in Honeywell by 8.1% in the 3rd quarter. Intrust Bank NA now owns 11,437 shares of the conglomerate’s stock valued at $1,622,000 after acquiring an additional 858 shares during the period. 75.30% of the stock is owned by institutional investors.
Shares of HON opened at $146.75 on Tuesday. Honeywell has a 52-week low of $122.40 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The firm has a market cap of $109,882.52, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97.
Honeywell (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. Honeywell had a net margin of 4.08% and a return on equity of 27.27%. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. analysts forecast that Honeywell will post 7.97 earnings per share for the current fiscal year.
HON has been the topic of a number of research analyst reports. Royal Bank of Canada cut shares of Honeywell from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Monday, March 19th. Barclays initiated coverage on shares of Honeywell in a research note on Thursday, February 15th. They issued an “overweight” rating and a $170.00 price target on the stock. Argus lifted their price target on shares of Honeywell from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $165.00 price target on shares of Honeywell in a research note on Friday, February 16th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $166.07.
In other news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the transaction, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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