Novare Capital Management LLC decreased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,061 shares of the conglomerate’s stock after selling 1,018 shares during the period. Honeywell International makes up about 1.7% of Novare Capital Management LLC’s portfolio, making the stock its 8th largest position. Novare Capital Management LLC’s holdings in Honeywell International were worth $10,131,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HON. Vanguard Group Inc. grew its stake in shares of Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares in the last quarter. BlackRock Inc. grew its stake in shares of Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after acquiring an additional 207,142 shares in the last quarter. FMR LLC grew its stake in shares of Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after acquiring an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after acquiring an additional 629,221 shares in the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.
HON has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a research note on Friday, February 16th. Deutsche Bank reiterated a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Bank of America increased their price target 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. UBS assumed coverage on shares of Honeywell International in a research report on Monday, January 22nd. They set a “buy” rating for the company. Finally, Jefferies Group increased their price target on shares of Honeywell International from $162.00 to $180.00 and gave the company 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 company’s stock. Honeywell International currently has an average rating of “Buy” and an average price target of $165.67.
Shares of Honeywell International Inc. (NYSE HON) opened at $151.78 on Friday. The company has a market cap of $113,604.94, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. Honeywell International Inc. has a fifty-two week low of $122.40 and a fifty-two week high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The business 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 was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. equities research analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International announced that its board has approved a stock buyback plan on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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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