TRUE Private Wealth Advisors grew its holdings in Honeywell International Inc. (NYSE:HON) by 42.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,594 shares of the conglomerate’s stock after buying an additional 3,144 shares during the period. TRUE Private Wealth Advisors’ holdings in Honeywell International were worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of HON. Burt Wealth Advisors boosted its stake in shares of Honeywell International by 65.4% in the second 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 period. Mosaic Family Wealth LLC raised its holdings in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Mascoma Wealth Management LLC raised its holdings in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 428 shares in the last quarter. Invictus RG acquired a new stake in Honeywell International during the third quarter worth approximately $117,000. Finally, First Personal Financial Services raised its holdings in Honeywell International by 25.4% during the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at $151.50 on Wednesday. The firm has a market capitalization of $114,477.26, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.15 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a 52-week low of $122.40 and a 52-week high of $165.13.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is 143.27%.
Honeywell International announced that its Board of Directors has approved a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of research firms have weighed in on HON. Jefferies Group raised their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price objective on shares of Honeywell International in a research report on Friday, January 26th. Bank of America lifted their price objective on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus decreased their target price on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Finally, Cowen reiterated a “buy” rating and issued a $168.00 price objective on shares of Honeywell International in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $165.67.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction that occurred 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 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. Company insiders own 1.33% of the company’s stock.
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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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