Valtinson Bruner Financial Planning LLC purchased a new stake in Honeywell International Inc. (NYSE:HON) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,029 shares of the conglomerate’s stock, valued at approximately $929,000. Honeywell International accounts for 1.0% of Valtinson Bruner Financial Planning LLC’s portfolio, making the stock its 11th largest holding.
A number of other institutional investors have also bought and sold shares of HON. American Century Companies Inc. boosted its stake in Honeywell International by 76.2% in the third quarter. American Century Companies Inc. now owns 1,559,164 shares of the conglomerate’s stock worth $259,445,000 after purchasing an additional 674,377 shares in the last quarter. Putnam Investments LLC boosted its stake in Honeywell International by 40.1% in the third quarter. Putnam Investments LLC now owns 2,171,468 shares of the conglomerate’s stock worth $358,292,000 after purchasing an additional 621,840 shares in the last quarter. Bank of Montreal Can boosted its stake in Honeywell International by 79.6% in the third quarter. Bank of Montreal Can now owns 1,296,521 shares of the conglomerate’s stock worth $213,439,000 after purchasing an additional 574,501 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Honeywell International by 70.6% in the third quarter. Panagora Asset Management Inc. now owns 1,221,154 shares of the conglomerate’s stock worth $203,200,000 after purchasing an additional 505,227 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Honeywell International by 1,011.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 518,603 shares of the conglomerate’s stock worth $86,296,000 after purchasing an additional 471,934 shares in the last quarter. 71.06% of the stock is currently owned by institutional investors.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total value of $1,944,742.00. Following the transaction, the director now owns 13,607 shares of the company’s stock, valued at $1,974,783.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $590,922.93. Following the completion of the transaction, the director now directly owns 25,764 shares in the company, valued at approximately $3,841,670.04. The disclosure for this sale can be found here. Insiders have sold 49,878 shares of company stock worth $7,226,907 in the last ninety days. 1.33% of the stock is currently owned by insiders.
Shares of HON opened at $148.61 on Friday. 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 12-month low of $123.48 and a 12-month high of $167.72. The firm has a market cap of $110.01 billion, a PE ratio of 18.55, a PEG ratio of 2.09 and a beta of 1.08.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.72 billion. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 21st. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
A number of research firms have commented on HON. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 25th. Deutsche Bank boosted their price objective on Honeywell International to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 4th. Credit Suisse Group reduced their price objective on Honeywell International from $170.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 23rd. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Citigroup set a $186.00 price objective on Honeywell International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and an average price target of $168.88.
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Honeywell International Company Profile
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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