Davis R M Inc. raised its position in Honeywell International Inc. (NYSE:HON) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,726 shares of the conglomerate’s stock after buying an additional 443 shares during the quarter. Davis R M Inc.’s holdings in Honeywell International were worth $3,485,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Honeywell International by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after purchasing an additional 207,142 shares during the last quarter. FMR LLC grew its holdings in shares of Honeywell International by 9.3% during the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. 76.08% of the stock is currently owned by hedge funds and other institutional investors.
HON has been the topic of several research reports. Argus lifted their price target on shares of Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Cowen reaffirmed a “buy” rating and set a $150.00 price target on shares of Honeywell International in a report on Thursday, October 19th. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 price target on shares of Honeywell International in a report on Tuesday, November 28th. Finally, Jefferies Group lifted their target price on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price 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 research analysts forecast 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 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.
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