ZWJ Investment Counsel Inc. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,165 shares of the conglomerate’s stock, valued at approximately $250,000.
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A number of other large investors have also modified their holdings of HON. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Honeywell International by 51.9% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 164 shares of the conglomerate’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Align Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. St. James Investment Advisors LLC grew its holdings in shares of Honeywell International by 39.4% in the third quarter. St. James Investment Advisors LLC now owns 184 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Ameliora Wealth Management Ltd. purchased a new stake in shares of Honeywell International in the third quarter valued at about $33,000. Finally, American National Bank grew its holdings in shares of Honeywell International by 222.2% in the third quarter. American National Bank now owns 203 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Honeywell International Stock Performance
Shares of Honeywell International stock opened at $191.12 on Friday. The firm has a market capitalization of $127.69 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.35 and a beta of 1.10. Honeywell International Inc. has a 52 week low of $166.63 and a 52 week high of $220.96. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $196.89 and its two-hundred day moving average is $200.48.
Honeywell International (NASDAQ:HON – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, beating the consensus estimate of $2.51 by $0.01. The company had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.26 billion. Honeywell International had a net margin of 14.00% and a return on equity of 32.89%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 earnings per share. Research analysts forecast that Honeywell International Inc. will post 9.03 EPS for the current fiscal year.
Honeywell International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a $1.03 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $4.12 annualized dividend and a yield of 2.16%. Honeywell International’s dividend payout ratio is currently 56.67%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on HON shares. Citigroup dropped their price objective on shares of Honeywell International from $248.00 to $240.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Wells Fargo & Company upped their target price on shares of Honeywell International from $206.00 to $209.00 and gave the company an “equal weight” rating in a research report on Thursday, January 19th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. UBS Group decreased their target price on shares of Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a research report on Tuesday, February 28th. Finally, HSBC upped their target price on shares of Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a research report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.13.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.
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