Centaurus Financial Inc. Increases Stake in Honeywell (HON)
Centaurus Financial Inc. lifted its stake in shares of Honeywell (NYSE:HON) by 58.3% during the first quarter, HoldingsChannel.com reports. The firm owned 6,897 shares of the conglomerate’s stock after buying an additional 2,541 shares during the period. Centaurus Financial Inc.’s holdings in Honeywell were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in Honeywell in the 4th quarter valued at approximately $199,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Honeywell by 2.1% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 107,484 shares of the conglomerate’s stock valued at $15,333,000 after purchasing an additional 2,192 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in Honeywell by 2,358.6% during the 3rd quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock valued at $48,115,000 after purchasing an additional 325,653 shares in the last quarter. Employees Retirement System of Texas boosted its stake in Honeywell by 12.9% during the 4th quarter. Employees Retirement System of Texas now owns 203,300 shares of the conglomerate’s stock valued at $31,178,000 after purchasing an additional 23,300 shares in the last quarter. Finally, BP PLC boosted its stake in Honeywell by 3.0% during the 4th quarter. BP PLC now owns 139,000 shares of the conglomerate’s stock valued at $21,360,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, April 23rd. Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell in a research note on Monday, January 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price target on shares of Honeywell in a research note on Friday, January 26th. Bank of America increased their price target on Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research raised Honeywell from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Tuesday, April 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $167.73.
Honeywell (NYSE:HON) last released its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.71 EPS. equities research analysts forecast that Honeywell will post 8.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 18th will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, May 17th. Honeywell’s dividend payout ratio is presently 41.91%.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.
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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