Honeywell International Inc. (HON) Position Increased by Pennsylvania Trust Co
Pennsylvania Trust Co increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 139,100 shares of the conglomerate’s stock after buying an additional 6,357 shares during the quarter. Honeywell International makes up approximately 1.0% of Pennsylvania Trust Co’s investment portfolio, making the stock its 26th largest position. Pennsylvania Trust Co’s holdings in Honeywell International were worth $21,337,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Honeywell International by 4,986.7% in 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 during the period. Ameriprise Financial Inc. raised its stake in shares of Honeywell International by 38.9% in 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 during the period. Vanguard Group Inc. raised its stake in shares of Honeywell International by 2.5% in 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 during the period. BlackRock Inc. raised its stake in shares of Honeywell International by 2.8% in 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 during the period. Finally, Bain Capital Public Equity Management LLC bought a new stake in shares of Honeywell International in the second quarter valued at $151,186,000. Institutional investors and hedge funds own 76.08% of the company’s stock.
Honeywell International Inc. (HON) opened at $149.47 on Tuesday. Honeywell International Inc. has a 52-week low of $122.10 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The company has a market capitalization of $111,221.09, a PE ratio of 20.95, a P/E/G ratio of 2.09 and a beta of 0.96.
Honeywell International declared that its board has approved a stock buyback program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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 dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s payout ratio is 143.27%.
Several brokerages have recently weighed in on HON. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Royal Bank of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Oppenheimer lifted their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average price target of $163.93.
Honeywell International 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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