Honeywell International Inc. (HON) Shares Bought by Bahl & Gaynor Inc.
Bahl & Gaynor Inc. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,642,620 shares of the conglomerate’s stock after acquiring an additional 557,009 shares during the period. Honeywell International makes up approximately 2.3% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 13th largest position. Bahl & Gaynor Inc. owned about 0.22% of Honeywell International worth $217,023,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $31,000. IMS Capital Management acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $53,000. Clarus Wealth Advisors raised its position in shares of Honeywell International by 48.4% in the fourth quarter. Clarus Wealth Advisors now owns 457 shares of the conglomerate’s stock valued at $60,000 after buying an additional 149 shares in the last quarter. Ayalon Holdings Ltd. acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $61,000. Finally, Jackson Grant Investment Advisers Inc. raised its position in shares of Honeywell International by 59.2% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock valued at $67,000 after buying an additional 187 shares in the last quarter. Institutional investors own 75.59% of the company’s stock.
HON has been the subject of a number of analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Deutsche Bank lifted their price target on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Barclays dropped their price target on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Finally, Credit Suisse Group upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price target for the company in a research report on Thursday, January 3rd. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $168.88.
Shares of HON opened at $158.54 on Friday. Honeywell International Inc. has a one year low of $123.48 and a one year high of $167.72. The company has a market cap of $114.43 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.06.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating the consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were given a dividend of $0.82 per share. The ex-dividend date was Thursday, February 21st. This represents a $3.28 annualized dividend and a yield of 2.07%. Honeywell International’s dividend payout ratio is currently 40.95%.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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