Veracity Capital LLC trimmed its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,557 shares of the conglomerate’s stock after selling 61 shares during the quarter. Veracity Capital LLC’s holdings in Honeywell International were worth $1,223,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. James Hambro & Partners boosted its stake in Honeywell International by 114.4% during the 4th quarter. James Hambro & Partners now owns 4,750 shares of the conglomerate’s stock valued at $1,010,000 after acquiring an additional 2,535 shares during the last quarter. First American Bank raised its holdings in shares of Honeywell International by 14.1% during the first quarter. First American Bank now owns 52,213 shares of the conglomerate’s stock worth $11,334,000 after purchasing an additional 6,441 shares during the period. Whittier Trust Co. raised its holdings in shares of Honeywell International by 2.9% during the fourth quarter. Whittier Trust Co. now owns 231,624 shares of the conglomerate’s stock worth $49,267,000 after purchasing an additional 6,559 shares during the period. GYL Financial Synergies LLC raised its holdings in shares of Honeywell International by 7.0% during the fourth quarter. GYL Financial Synergies LLC now owns 2,207 shares of the conglomerate’s stock worth $469,000 after purchasing an additional 144 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in shares of Honeywell International by 5.8% during the fourth quarter. Congress Asset Management Co. MA now owns 55,060 shares of the conglomerate’s stock worth $11,711,000 after purchasing an additional 2,996 shares during the period. Hedge funds and other institutional investors own 75.97% of the company’s stock.
Honeywell International stock traded up $0.79 during trading hours on Monday, hitting $227.77. 110,575 shares of the company traded hands, compared to its average volume of 2,771,126. The firm has a market cap of $158.41 billion, a P/E ratio of 32.57, a P/E/G ratio of 3.41 and a beta of 1.13. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97. The firm’s 50-day simple moving average is $211.35 and its two-hundred day simple moving average is $199.02. Honeywell International Inc. has a 1-year low of $117.11 and a 1-year high of $227.99.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm posted $2.06 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post 7.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Friday, February 26th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.63%. Honeywell International’s dividend payout ratio (DPR) is 45.59%.
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley increased their price objective on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, March 29th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $222.00 to $244.00 in a report on Thursday. Credit Suisse Group increased their price objective on shares of Honeywell International from $222.00 to $224.00 and gave the stock an “outperform” rating in a report on Thursday, April 1st. Finally, Argus increased their price objective on shares of Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $208.67.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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