E&G Advisors LP bought a new stake in Honeywell International Inc. (NYSE:HON) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,400 shares of the conglomerate’s stock, valued at approximately $215,000.
Other large investors have also recently modified their holdings of the company. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares during the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares during the last quarter. Invictus RG bought a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $117,000. Finally, First Personal Financial Services grew its holdings in shares of Honeywell International by 25.4% during the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
Several brokerages recently issued reports on HON. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet lowered shares of Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price target on shares of Honeywell International in a report on Friday, January 26th. Bank of America lifted their price target on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, UBS Group started coverage on shares of Honeywell International in a report on Monday, January 22nd. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $163.93.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.74 EPS. equities analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International’s dividend payout ratio (DPR) is currently 69.63%.
Honeywell International declared 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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