NorthCrest Asset Manangement LLC increased its stake in shares of Honeywell International Inc. (NASDAQ: HON – Get Rating) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 68,989 shares of the conglomerate’s stock after acquiring an additional 5,368 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Honeywell International were worth $ 13,424,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Marietta Wealth Management LLC raised its stake in Honeywell International by 4.6% in the first quarter. Marietta Wealth Management LLC now owns 20,266 shares of the conglomerate’s stock valued at $ 3,943,000 after buying an additional 894 shares during the period. Fisher Asset Management LLC grew its position in Honeywell International shares by 24.9% in the fourth quarter. Fisher Asset Management LLC now owns 186,654 shares of the conglomerate’s stock valued at $ 38,919,000 after purchasing an additional 37,270 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $ 134,000. Horizon Investments LLC grew its position in shares of Honeywell International by 3.7% in the fourth quarter. Horizon Investments LLC now owns 13,617 shares of the conglomerate’s stock valued at $ 2,839,000 after purchasing an additional 481 shares during the last quarter. Finally, NN Investment Partners Holdings NV grew its position in shares of Honeywell International by 10.0% in the fourth quarter. NN Investment Partners Holdings NV now owns 37,444 shares of the conglomerate’s stock valued at $ 7,807,000 after purchasing an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 74.27% of the company stock.
Several equities analysts have recently commented on the company. Citigroup upped their target price on Honeywell International from $ 229.00 to $ 232.00 in a research report on Monday, May 2nd. Wells Fargo & Company increased their price target on Honeywell International from $ 196.00 to $ 203.00 in a research note on Monday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on Honeywell International from $ 243.00 to $ 230.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. TheStreet lowered Honeywell International from a “b” rating to a “c +” rating in a research report on Friday, April 29th. Finally, Morgan Stanley lowered their target price on Honeywell International from $ 216.00 to $ 194.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $ 227.69.
Shares of Honeywell International stock opened at $ 180.02 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $ 190.59 and a two-hundred day moving average price of $ 193.36. Honeywell International Inc. has a 1-year low of $ 172.92 and a 1-year high of $ 236.86. The company has a market cap of $ 122.55 billion, a P / E ratio of 23.91, a PEG ratio of 2.15 and a beta of 1.05.
Honeywell International (NASDAQ: HON – Get Rating) last issued its earnings results on Friday, April 29th. The conglomerate reported $ 1.91 EPS for the quarter, beating the consensus estimate of $ 1.86 by $ 0.05. The company had revenue of $ 8.38 billion during the quarter, compared to the estimate consensus of $ 8.29 billion. Honeywell International had a return on equity of 30.04% and a net margin of 15.30%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the business posted $ 1.92 EPS. Equities research analysts forecast that Honeywell International Inc. will post 8.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, May 13th were paid a $ 0.98 dividend. The ex-dividend date was Thursday, May 12th. This represents a $ 3.92 annualized dividend and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio is presently 52.06%.
In other news, CEO Darius Adamczyk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $ 194.52, for a total value of $ 7,780,800.00. Following the completion of the sale, the chief executive officer now directly owns 165,015 shares in the company, valued at approximately $ 32,098,717.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.45% of the company stock.
Honeywell International Company Profile: (Get Rating)
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems, as well as wireless connectivity and management services.
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