Ancora Advisors LLC raised its position in Honeywell International Inc. (NYSE:HON) by 65.9% during the fourth quarter, Holdings Channel reports. The fund owned 71,994 shares of the company’s stock after buying an additional 28,606 shares during the period. Ancora Advisors LLC’s holdings in Honeywell International were worth $8,340,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. CWM LLC boosted its stake in Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the company’s stock worth $100,000 after buying an additional 274 shares during the period. Reilly Financial Advisors LLC boosted its stake in Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock worth $104,000 after buying an additional 10 shares during the period. Assetmark Inc. boosted its stake in Honeywell International by 2.6% in the third quarter. Assetmark Inc. now owns 900 shares of the company’s stock worth $105,000 after buying an additional 23 shares during the period. Global X Management Co. LLC boosted its stake in Honeywell International by 150.5% in the third quarter. Global X Management Co. LLC now owns 942 shares of the company’s stock worth $110,000 after buying an additional 566 shares during the period. Finally, SRS Capital Advisors Inc. bought a new stake in Honeywell International during the fourth quarter worth approximately $114,000. Hedge funds and other institutional investors own 76.17% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at 124.77 on Monday. Honeywell International Inc. has a one year low of $105.25 and a one year high of $127.52. The company has a market cap of $94.97 billion, a PE ratio of 20.12 and a beta of 0.94. The firm’s 50-day moving average is $124.64 and its 200-day moving average is $116.76.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 27th. The company reported $1.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.74. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The firm had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post $7.04 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, February 22nd. Honeywell International’s payout ratio is 43.39%.
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HON has been the topic of a number of research reports. Argus reaffirmed a “buy” rating and issued a $135.00 price target on shares of Honeywell International in a report on Tuesday, January 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $133.00 price target (up previously from $130.00) on shares of Honeywell International in a report on Monday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $128.00 price target on shares of Honeywell International in a report on Saturday, December 17th. Vetr raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $122.81 price target on the stock in a report on Monday, December 5th. Finally, Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Tuesday, March 14th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.99.
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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