Catawba Capital Management VA cut its position in Honeywell International Inc. (NYSE:HON) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,698 shares of the conglomerate’s stock after selling 1,792 shares during the period. Honeywell International comprises about 1.1% of Catawba Capital Management VA’s portfolio, making the stock its 29th largest position. Catawba Capital Management VA’s holdings in Honeywell International were worth $5,015,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Burt Wealth Advisors raised its holdings in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Mosaic Family Wealth LLC raised its holdings in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the period. Mascoma Wealth Management LLC raised its holdings in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the period. Invictus RG acquired a new stake in Honeywell International in the third quarter worth $117,000. Finally, First Personal Financial Services raised its holdings in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after purchasing an additional 185 shares during the period. Institutional investors own 76.08% of the company’s stock.
Several equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a report on Friday. Cowen reiterated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a report on Monday, January 22nd. Jefferies Group increased their target price on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Bank of America increased their target price on shares of Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $165.67.
Honeywell International Inc. (NYSE HON) opened at $154.03 on Friday. The firm has a market cap of $116,570.00, a price-to-earnings ratio of 35.99, a P/E/G ratio of 2.16 and a beta of 0.96. Honeywell International Inc. has a 12-month low of $122.40 and a 12-month high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is currently 69.63%.
Honeywell International declared that its board has authorized a share repurchase plan on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Honeywell International Company Profile
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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