Atria Investments LLC lifted its stake in Honeywell International Inc. (NYSE:HON) by 16.8% in the 4th quarter, Holdings Channel reports. The firm owned 16,664 shares of the conglomerate’s stock after purchasing an additional 2,400 shares during the period. Atria Investments LLC’s holdings in Honeywell International were worth $2,556,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HON. Burt Wealth Advisors grew its position in 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. Mosaic Family Wealth LLC grew its position in 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 position in 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. Invictus RG purchased a new position in Honeywell International in the third quarter worth approximately $117,000. Finally, First Personal Financial Services grew its position in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after acquiring an additional 185 shares during the period. 76.08% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Cowen restated a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Thursday, October 19th. Jefferies Group raised their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and set a $187.00 price target on shares of Honeywell International in a research report on Friday, January 26th. Stifel Nicolaus lowered their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. Honeywell International’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.74 earnings per share. research analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current year.
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 issued a $0.745 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International declared that its board has initiated a share buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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Honeywell International 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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