V Wealth Management LLC raised its position in Honeywell International Inc. (NYSE:HON) by 71.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,240 shares of the conglomerate’s stock after purchasing an additional 1,355 shares during the period. V Wealth Management LLC’s holdings in Honeywell International were worth $512,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Burt Wealth Advisors increased its position in shares of Honeywell International by 65.4% during 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 increased its position in shares of Honeywell International by 11.4% during 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 increased its position in shares of Honeywell International by 113.2% during 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 shares of Honeywell International during the third quarter worth approximately $117,000. Finally, First Personal Financial Services increased its position in shares of Honeywell International by 25.4% during 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. 75.73% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on HON shares. Royal Bank of Canada raised their target price on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Credit Suisse Group reaffirmed a “neutral” rating and set a $150.00 target price (up from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Citigroup set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $165.67.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.56% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $154.03 on Tuesday. The stock has a market cap of $115,830.86, a price-to-earnings ratio of 74.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Honeywell International Inc. has a fifty-two week low of $122.40 and a fifty-two week high of $165.13. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations 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 company posted $1.74 earnings per share. sell-side analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.745 dividend. The ex-dividend date is 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 declared that its board has initiated a share buyback 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. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: This piece was published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thestockobserver.com/2018/02/20/honeywell-international-inc-hon-position-increased-by-v-wealth-management-llc.html.
About Honeywell International
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).
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.