Donaldson Capital Management LLC lessened its holdings in Honeywell International Inc. (NYSE:HON) by 98.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,693 shares of the conglomerate’s stock after selling 198,635 shares during the quarter. Donaldson Capital Management LLC’s holdings in Honeywell International were worth $413,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Burt Wealth Advisors raised its holdings in 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 acquiring an additional 300 shares during the period. Mascoma Wealth Management LLC increased its holdings in shares of Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the period. Invictus RG bought a new position in Honeywell International in the third quarter valued at $117,000. Hanson McClain Inc. increased its stake in Honeywell International by 25.1% in the second quarter. Hanson McClain Inc. now owns 1,013 shares of the conglomerate’s stock valued at $135,000 after acquiring an additional 203 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Honeywell International by 772.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock valued at $137,000 after buying an additional 912 shares during the period. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the firm posted $1.74 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. research analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International announced that its board has approved a stock repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s payout ratio is 69.63%.
HON has been the subject of a number of analyst reports. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. UBS Group assumed coverage on shares of Honeywell International in a research note on Monday, January 22nd. They set a “buy” rating for the company. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Cowen restated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a report on Monday, January 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $165.67.
About Honeywell International
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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