Fiduciary Financial Services of The Southwest Inc. TX boosted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,865 shares of the conglomerate’s stock after purchasing an additional 203 shares during the quarter. Honeywell International comprises about 1.8% of Fiduciary Financial Services of The Southwest Inc. TX’s investment portfolio, making the stock its 14th largest position. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Honeywell International were worth $5,663,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. IMS Capital Management purchased a new stake in shares of Honeywell International in the third quarter valued at $53,000. Ayalon Holdings Ltd. purchased a new stake in shares of Honeywell International in the fourth quarter valued at $61,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of Honeywell International by 59.2% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock valued at $67,000 after acquiring an additional 187 shares during the period. Global Trust Asset Management LLC increased its stake in Honeywell International by 50.9% in the 4th quarter. Global Trust Asset Management LLC now owns 661 shares of the conglomerate’s stock worth $87,000 after buying an additional 223 shares during the period. Finally, Welch Group LLC purchased a new position in Honeywell International in the 3rd quarter worth about $108,000. 74.04% of the stock is currently owned by institutional investors.
Shares of Honeywell International stock opened at $148.48 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $167.72. The stock has a market cap of $109.76 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 21st. Honeywell International’s payout ratio is 40.95%.
In other Honeywell International news, Director D Scott Davis sold 3,963 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the transaction, the director now directly owns 25,764 shares in the company, valued at approximately $3,841,670.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of the stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the transaction, the vice president now owns 91,829 shares in the company, valued at $13,187,562.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,878 shares of company stock worth $7,226,907. 1.33% of the stock is owned by company insiders.
Several research firms recently commented on HON. Deutsche Bank raised their price target on shares of Honeywell International to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 4th. UBS Group reaffirmed a “top pick” rating on shares of Honeywell International in a research note on Thursday, January 10th. CIBC reaffirmed a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target on the stock in a research note on Thursday, January 3rd. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $168.88.
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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.
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