First National Bank of Mount Dora Trust Investment Services decreased its holdings in Honeywell International Inc. (NYSE:HON) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 22,830 shares of the conglomerate’s stock after selling 411 shares during the quarter. Honeywell International accounts for about 1.5% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 29th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Honeywell International were worth $3,501,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of HON. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares during the period. Guidant Wealth Advisors grew its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the period. Mosaic Family Wealth LLC grew its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares during the period. Mascoma Wealth Management LLC grew 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 acquiring an additional 428 shares during the period. Finally, Invictus RG bought a new stake in shares of Honeywell International in the third quarter worth $117,000. 76.52% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on HON shares. Royal Bank of Canada lifted their price objective on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Bank of America lifted their price objective on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. UBS Group started coverage on Honeywell International in a report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Jefferies Group lifted their price objective on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $163.93.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. Honeywell International’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. equities analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International declared that its Board of Directors has approved a stock buyback plan on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
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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