Scott & Selber Inc. reduced its stake in shares of Honeywell (NYSE:HON) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,734 shares of the conglomerate’s stock after selling 627 shares during the quarter. Honeywell comprises approximately 2.0% of Scott & Selber Inc.’s portfolio, making the stock its 18th largest holding. Scott & Selber Inc.’s holdings in Honeywell were worth $3,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in Honeywell during the 4th quarter worth $199,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Honeywell by 2.1% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 107,484 shares of the conglomerate’s stock worth $15,333,000 after purchasing an additional 2,192 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Honeywell during the 4th quarter worth $746,000. Employees Retirement System of Texas grew its position in Honeywell by 12.9% during the 4th quarter. Employees Retirement System of Texas now owns 203,300 shares of the conglomerate’s stock worth $31,178,000 after purchasing an additional 23,300 shares during the last quarter. Finally, BP PLC grew its position in Honeywell by 3.0% during the 4th quarter. BP PLC now owns 139,000 shares of the conglomerate’s stock worth $21,360,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.
HON has been the topic of several research reports. TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a research report on Friday, April 20th. Stifel Nicolaus raised their price objective on shares of Honeywell from $157.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Monday, March 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 target price on shares of Honeywell in a report on Friday, January 26th. Finally, Bank of America lifted their target price on shares of Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $167.53.
HON stock opened at $150.87 on Wednesday. The stock has a market cap of $112.41 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.02 and a beta of 0.98. Honeywell has a 52 week low of $131.35 and a 52 week high of $165.13. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72.
Honeywell (NYSE:HON) last released its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. equities analysts predict that Honeywell will post 8.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 17th. Honeywell’s dividend payout ratio is currently 41.91%.
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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