Alambic Investment Management L.P. decreased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,210 shares of the conglomerate’s stock after selling 24,350 shares during the quarter. Alambic Investment Management L.P.’s holdings in Honeywell International were worth $3,713,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Intercontinental Wealth Advisors LLC bought a new stake in Honeywell International during the second quarter worth $267,000. Commerce Bank raised its position in Honeywell International by 1.4% during the second quarter. Commerce Bank now owns 333,874 shares of the conglomerate’s stock worth $44,502,000 after acquiring an additional 4,610 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its position in shares of Honeywell International by 14.6% in the second quarter. Marble Harbor Investment Counsel LLC now owns 1,958 shares of the conglomerate’s stock valued at $261,000 after purchasing an additional 250 shares during the period. ARGI Investment Services LLC raised its position in shares of Honeywell International by 8.6% in the second quarter. ARGI Investment Services LLC now owns 5,270 shares of the conglomerate’s stock valued at $684,000 after purchasing an additional 419 shares during the period. Finally, Chicago Equity Partners LLC raised its position in shares of Honeywell International by 27.6% in the second quarter. Chicago Equity Partners LLC now owns 86,340 shares of the conglomerate’s stock valued at $11,508,000 after purchasing an additional 18,670 shares during the period. Institutional investors and hedge funds own 77.97% of the company’s stock.
Several equities analysts have recently weighed in on HON shares. Deutsche Bank reissued a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a research report on Tuesday, November 28th. Argus increased their price objective on shares of Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Robert W. Baird reissued 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 increased 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. Finally, UBS Group started coverage on shares of Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $165.67.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the firm earned $1.74 earnings per share. Honeywell International’s revenue for the quarter was up 8.6% compared to the same quarter last year. analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio is 69.63%.
Honeywell International announced that its Board of Directors has initiated a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
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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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