Taylor Cottrill Erickson & Associates Inc. raised its position in Honeywell International Inc. (NYSE:HON) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,772 shares of the conglomerate’s stock after acquiring an additional 800 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in Honeywell International were worth $498,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc raised its holdings in shares of Honeywell International by 4.1% in the 3rd quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock worth $1,577,000 after buying an additional 375 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Honeywell International by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock worth $17,476,000 after buying an additional 1,933 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Honeywell International by 2.6% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,750 shares of the conglomerate’s stock worth $892,000 after buying an additional 174 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Honeywell International in the 3rd quarter worth approximately $8,020,000. Finally, Barings LLC raised its holdings in shares of Honeywell International by 9.9% in the 3rd quarter. Barings LLC now owns 77,426 shares of the conglomerate’s stock worth $12,884,000 after buying an additional 6,965 shares in the last quarter. 71.06% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on HON. Credit Suisse Group dropped their target price on Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, October 23rd. CIBC reissued a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. reissued an “outperform” rating and issued a $177.00 target price (down from $184.00) on shares of Honeywell International in a report on Tuesday, October 23rd. UBS Group reissued a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Finally, Zacks Investment Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $168.88.
In related news, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total transaction of $629,807.50. Following the sale, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the sale, the director now owns 25,764 shares in the company, valued at $3,841,670.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,878 shares of company stock worth $7,226,907. 1.33% of the stock is owned by corporate insiders.
NYSE HON opened at $148.61 on Friday. The company has a market cap of $109.67 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08. Honeywell International Inc. has a one year low of $123.48 and a one year high of $167.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.03. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.72 billion. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. Honeywell International’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 EPS. Analysts forecast that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, February 21st. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
See Also: How Do You Calculate Return on Investment (ROI)?