Honeywell International Inc. (HON) Shares Bought by EP Wealth Advisors LLC
EP Wealth Advisors LLC boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 91,637 shares of the conglomerate’s stock after buying an additional 2,403 shares during the period. Honeywell International makes up approximately 1.5% of EP Wealth Advisors LLC’s holdings, making the stock its 20th biggest holding. EP Wealth Advisors LLC’s holdings in Honeywell International were worth $12,214,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC grew its stake in shares of Honeywell International by 16.0% in the second quarter. Advisory Services Network LLC now owns 11,602 shares of the conglomerate’s stock valued at $1,546,000 after buying an additional 1,602 shares in the last quarter. Beaton Management Co. Inc. bought a new position in shares of Honeywell International in the second quarter valued at $1,788,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Honeywell International by 102.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,643 shares of the conglomerate’s stock valued at $752,000 after buying an additional 2,858 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of Honeywell International by 35.1% in the second quarter. WINTON GROUP Ltd now owns 27,509 shares of the conglomerate’s stock valued at $3,667,000 after buying an additional 7,141 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Honeywell International in the second quarter valued at $393,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.
Several research firms recently weighed in on HON. Jefferies Group raised their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup set a $180.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Thursday. Oppenheimer lifted their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $159.29.
Honeywell International Inc. (HON) traded up $2.06 on Thursday, hitting $155.80. The stock had a trading volume of 5,064,100 shares, compared to its average volume of 2,719,647. Honeywell International Inc. has a 12 month low of $113.60 and a 12 month high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $116,323.64, a P/E ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. sell-side analysts expect that Honeywell International Inc. will post 7.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a dividend of $0.745 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.
Honeywell International declared that its board has approved a share buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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