Laurel Grove Capital LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 27,800 shares of the conglomerate’s stock after selling 400 shares during the period. Honeywell International comprises approximately 2.2% of Laurel Grove Capital LLC’s portfolio, making the stock its 16th biggest holding. Laurel Grove Capital LLC’s holdings in Honeywell International were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Burt Wealth Advisors increased its holdings in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares in the last quarter. Mosaic Family Wealth LLC increased its holdings in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares in the last quarter. Mascoma Wealth Management LLC increased its holdings in Honeywell International by 113.2% in the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after acquiring an additional 428 shares in the last quarter. Invictus RG purchased a new stake in Honeywell International in the 3rd quarter worth $117,000. Finally, First Personal Financial Services increased its holdings in Honeywell International by 25.4% in the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after acquiring an additional 185 shares in the last quarter. 75.73% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) opened at $154.34 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market cap of $115,830.86, a PE ratio of 21.82, a PEG ratio of 2.17 and a beta of 0.96. Honeywell International Inc. has a 1 year low of $122.40 and a 1 year high of $165.13.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for 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 company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. analysts expect that Honeywell International Inc. will post 7.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. Honeywell International’s payout ratio is 143.27%.
Honeywell International declared that its Board of Directors has authorized a stock repurchase plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $165.00 target price on shares of Honeywell International in a research note on Friday, February 16th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays assumed coverage on shares of Honeywell International in a research note on Thursday, February 15th. They set an “overweight” rating and a $170.00 target price on the stock. TheStreet cut shares of Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Finally, UBS Group assumed coverage on shares of Honeywell International in a research note on Monday, January 22nd. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus target price of $165.67.
In other news, Director Linnet F. Deily sold 2,886 shares of the business’s 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 transaction, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.56% of the company’s stock.
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.
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