Osborn Williams & Donohoe LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,638 shares of the conglomerate’s stock after selling 895 shares during the period. Honeywell International accounts for about 1.4% of Osborn Williams & Donohoe LLC’s investment portfolio, making the stock its 22nd biggest position. Osborn Williams & Donohoe LLC’s holdings in Honeywell International were worth $8,073,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Hudock Capital Group LLC increased its stake in Honeywell International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after acquiring an additional 14 shares during the last quarter. Rowland & Co. Investment Counsel ADV increased its stake in Honeywell International by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after acquiring an additional 14 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Honeywell International by 0.6% during the second quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after acquiring an additional 16 shares during the last quarter. Oliver Luxxe Assets LLC increased its stake in Honeywell International by 0.5% during the second quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after acquiring an additional 21 shares during the last quarter. Finally, Bienville Capital Management LLC increased its stake in Honeywell International by 1.0% during the second quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock worth $417,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.
In related news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.56% of the stock is owned by corporate insiders.
Several equities research analysts have weighed in on HON shares. Royal Bank of Canada cut Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer boosted their price objective on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. TheStreet cut Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Citigroup set a $180.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $165.67.
Honeywell International Inc. (HON) opened at $154.03 on Tuesday. Honeywell International Inc. has a 52 week low of $122.40 and a 52 week high of $165.13. The stock has a market capitalization of $115,830.86, a P/E ratio of 21.82, a P/E/G ratio of 2.17 and a beta of 0.96. 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 announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. Honeywell International’s revenue was up 8.6% compared to the same quarter last year. analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International declared that its Board of Directors has initiated a stock repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.745 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 1.93%. Honeywell International’s dividend payout ratio (DPR) is currently 143.27%.
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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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