Syntal Capital Partners LLC raised its position in shares of Honeywell International Inc. (NYSE:HON) by 79.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,635 shares of the conglomerate’s stock after buying an additional 3,379 shares during the period. Syntal Capital Partners LLC’s holdings in Honeywell International were worth $1,170,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HON. Janus Henderson Group PLC lifted its stake in Honeywell International by 4,986.7% during the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after buying an additional 4,308,688 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after buying an additional 3,728,533 shares in the last quarter. Vanguard Group Inc. lifted its stake in Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after buying an additional 1,234,672 shares in the last quarter. BlackRock Inc. lifted its stake in Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Finally, Bain Capital Public Equity Management LLC purchased a new stake in Honeywell International during the second quarter valued at about $151,186,000. 76.08% of the stock is owned by institutional investors.
In related news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.56% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $154.03 on Friday. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a market capitalization of $115,830.87, a P/E ratio of 21.82, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. analysts expect that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.745 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. Honeywell International’s dividend payout ratio is currently 143.27%.
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About Honeywell International
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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