Summit Securities Group LLC Purchases New Position in Honeywell International Inc. (HON)

Summit Securities Group LLC purchased a new position in shares of Honeywell International Inc. (NYSE:HON) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,700 shares of the conglomerate’s stock, valued at approximately $1,488,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after acquiring an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after acquiring an additional 3,728,533 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Honeywell International by 69.6% in the fourth quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after acquiring an additional 1,373,600 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Honeywell International by 2.5% in the second 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 during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Honeywell International by 2.8% in the second 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 during the last quarter. 77.97% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Shares of Honeywell International Inc. (NYSE HON) opened at $154.21 on Friday. The stock has a market cap of $113,725.25, a P/E ratio of 21.42, a PEG ratio of 2.13 and a beta of 0.98. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. sell-side analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. Honeywell International’s dividend payout ratio is currently 143.27%.

Honeywell International announced that its Board of Directors has initiated a share repurchase program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price target on shares of Honeywell International in a research report on Friday, January 26th. Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research report on Monday, January 22nd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Stifel Nicolaus reduced their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $165.67.

In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction that occurred on Monday, February 26th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction that occurred on 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 owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Summit Securities Group LLC Purchases New Position in Honeywell International Inc. (HON)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2018/03/10/summit-securities-group-llc-purchases-new-position-in-honeywell-international-inc-hon.html.

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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply