Crestwood Advisors Group LLC boosted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,479 shares of the conglomerate’s stock after purchasing an additional 1,010 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Honeywell International were worth $26,477,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. boosted its stake in Honeywell International by 4.8% during the 4th quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock valued at $9,111,162,000 after purchasing an additional 1,948,217 shares during the period. State Street Corp boosted its stake in Honeywell International by 18.6% during the 3rd quarter. State Street Corp now owns 35,033,843 shares of the conglomerate’s stock valued at $5,766,921,000 after purchasing an additional 5,484,767 shares during the period. Morgan Stanley boosted its stake in Honeywell International by 10.8% during the 3rd quarter. Morgan Stanley now owns 11,348,328 shares of the conglomerate’s stock valued at $1,868,049,000 after purchasing an additional 1,104,581 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Honeywell International by 17.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,890,993 shares of the conglomerate’s stock valued at $311,082,000 after purchasing an additional 280,515 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Honeywell International by 3.5% during the 4th quarter. California Public Employees Retirement System now owns 1,766,934 shares of the conglomerate’s stock valued at $375,827,000 after purchasing an additional 59,689 shares during the period. Hedge funds and other institutional investors own 75.97% of the company’s stock.
In related news, major shareholder Honeywell International Inc purchased 15,000 shares of Honeywell International stock in a transaction dated Thursday, December 17th. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $63,000.00. Following the transaction, the insider now directly owns 2,892,116 shares of the company’s stock, valued at $12,146,887.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by company insiders.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.07. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period last year, the firm posted $2.06 EPS. The business’s revenue was down 6.3% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 7.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 12th. Shareholders of record on Friday, February 26th will be given a $0.93 dividend. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $3.72 dividend on an annualized basis and a yield of 1.83%. Honeywell International’s payout ratio is 45.59%.
Several research firms have commented on HON. Argus upped their price target on Honeywell International from $195.00 to $225.00 and gave the company a “buy” rating in a report on Monday, February 1st. JPMorgan Chase & Co. upped their price target on Honeywell International from $198.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. Royal Bank of Canada upped their price target on Honeywell International from $194.00 to $199.00 and gave the company a “sector perform” rating in a report on Monday, February 1st. Jefferies Financial Group cut Honeywell International from a “buy” rating to a “hold” rating and upped their price target for the company from $190.00 to $210.00 in a report on Wednesday, November 18th. They noted that the move was a valuation call. Finally, Robert W. Baird upped their price target on Honeywell International from $167.00 to $221.00 and gave the company an “outperform” rating in a report on Tuesday, November 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Honeywell International has a consensus rating of “Hold” and a consensus price target of $193.33.
About Honeywell International
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; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
Further Reading: Net Income
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