Cigna Investments Inc. New raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,178 shares of the conglomerate’s stock after acquiring an additional 1,230 shares during the quarter. Cigna Investments Inc. New’s holdings in Honeywell International were worth $2,700,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Aigen Investment Management LP acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Westside Investment Management Inc. acquired a new stake in shares of Honeywell International during the first quarter worth $36,000. PSI Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $40,000. Efficient Wealth Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $43,000. Finally, Filbrandt Wealth Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 77.14% of the company’s stock.
Shares of HON traded up $1.49 during midday trading on Friday, hitting $139.18. The stock had a trading volume of 2,957,908 shares, compared to its average volume of 3,733,469. The business has a 50-day simple moving average of $135.07 and a two-hundred day simple moving average of $161.31. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. The firm has a market cap of $96.64 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04. Honeywell International Inc. has a fifty-two week low of $101.08 and a fifty-two week high of $184.06.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.56 billion. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. On average, analysts expect that Honeywell International Inc. will post 6.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, May 14th. Honeywell International’s dividend payout ratio (DPR) is 44.12%.
A number of analysts have weighed in on HON shares. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $138.00 to $158.00 in a report on Thursday. Atlantic Securities cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Tuesday, March 31st. Zacks Investment Research cut shares of Honeywell International from a “hold” rating to a “sell” rating and set a $146.00 price objective on the stock. in a report on Monday, May 4th. William Blair reaffirmed a “market perform” rating on shares of Honeywell International in a report on Monday, May 4th. Finally, Robert W. Baird dropped their price objective on shares of Honeywell International from $190.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Honeywell International presently has an average rating of “Buy” and a consensus price target of $156.47.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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