Montag A & Associates Inc. Has $2.03 Million Holdings in Honeywell (HON)

Montag A & Associates Inc. lowered its position in Honeywell (NYSE:HON) by 6.2% in the first quarter, HoldingsChannel.com reports. The fund owned 14,037 shares of the conglomerate’s stock after selling 920 shares during the quarter. Montag A & Associates Inc.’s holdings in Honeywell were worth $2,028,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the business. Webster Bank N. A. raised its position in shares of Honeywell by 3.5% in the fourth quarter. Webster Bank N. A. now owns 9,175 shares of the conglomerate’s stock worth $1,407,000 after acquiring an additional 314 shares during the period. IFC Holdings Incorporated FL raised its position in shares of Honeywell by 15.4% in the fourth quarter. IFC Holdings Incorporated FL now owns 2,367 shares of the conglomerate’s stock worth $365,000 after acquiring an additional 316 shares during the period. Congress Asset Management Co. MA raised its position in shares of Honeywell by 19.0% in the fourth quarter. Congress Asset Management Co. MA now owns 2,040 shares of the conglomerate’s stock worth $313,000 after acquiring an additional 325 shares during the period. SVA Plumb Wealth Management LLC raised its position in shares of Honeywell by 1.0% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 33,844 shares of the conglomerate’s stock worth $5,190,000 after acquiring an additional 342 shares during the period. Finally, North Star Investment Management Corp. raised its position in shares of Honeywell by 5.3% in the fourth quarter. North Star Investment Management Corp. now owns 6,894 shares of the conglomerate’s stock worth $1,057,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 75.62% of the company’s stock.

In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

Shares of Honeywell opened at $147.12 on Friday, according to Marketbeat Ratings. Honeywell has a 12-month low of $146.56 and a 12-month high of $147.36. The stock has a market cap of $110.21 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.11.

Honeywell (NYSE:HON) last announced its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $10.03 billion. During the same quarter in the prior year, the company earned $1.71 EPS. Honeywell’s revenue was up 9.5% compared to the same quarter last year. equities analysts forecast that Honeywell will post 8.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.98 annualized dividend and a yield of 2.03%. Honeywell’s dividend payout ratio is presently 41.91%.

Several research analysts recently weighed in on the stock. Robert W. Baird restated a “buy” rating and set a $187.00 price target on shares of Honeywell in a research report on Friday, January 26th. Bank of America upped their price target on shares of Honeywell from $117.12 to $168.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. TheStreet downgraded shares of Honeywell from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. ValuEngine upgraded shares of Honeywell from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Cowen restated a “buy” rating and set a $168.00 price target on shares of Honeywell in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell currently has a consensus rating of “Buy” and an average target price of $167.73.

Honeywell Profile

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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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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