Flagship Harbor Advisors LLC lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,117 shares of the conglomerate’s stock after acquiring an additional 294 shares during the period. Flagship Harbor Advisors LLC’s holdings in Honeywell International were worth $1,086,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of HON. Equitable Trust Co. boosted its stake in shares of Honeywell International by 0.4% in the fourth quarter. Equitable Trust Co. now owns 15,963 shares of the conglomerate’s stock valued at $2,825,000 after buying an additional 56 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Honeywell International by 0.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 17,712 shares of the conglomerate’s stock valued at $3,135,000 after buying an additional 57 shares in the last quarter. InterOcean Capital LLC boosted its position in Honeywell International by 4.8% during the fourth quarter. InterOcean Capital LLC now owns 1,276 shares of the conglomerate’s stock worth $226,000 after purchasing an additional 58 shares in the last quarter. Pacitti Group Inc. boosted its position in Honeywell International by 2.3% during the fourth quarter. Pacitti Group Inc. now owns 2,942 shares of the conglomerate’s stock worth $521,000 after purchasing an additional 66 shares in the last quarter. Finally, Cim LLC boosted its position in Honeywell International by 2.4% during the fourth quarter. Cim LLC now owns 2,948 shares of the conglomerate’s stock worth $522,000 after purchasing an additional 68 shares in the last quarter. 76.27% of the stock is currently owned by institutional investors and hedge funds.
HON traded down $1.71 on Friday, reaching $145.85. The company’s stock had a trading volume of 4,066,422 shares, compared to its average volume of 3,663,691. The stock has a market cap of $102.36 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.83 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $101.08 and a 1 year high of $184.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.30 and a quick ratio of 1.04. The business’s 50 day moving average is $136.75 and its 200 day moving average is $160.05.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.56 billion. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. Honeywell International’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 6.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, May 14th. Honeywell International’s dividend payout ratio is currently 44.12%.
A number of research firms have commented on HON. UBS Group decreased their target price on Honeywell International from $143.00 to $136.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Robert W. Baird decreased their target price on Honeywell International from $190.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Citigroup decreased their target price on Honeywell International from $187.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $138.00 to $158.00 in a research report on Thursday, May 21st. Finally, Barclays restated a “buy” rating and issued a $156.00 price objective on shares of Honeywell International in a research report on Friday, April 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average 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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