Sciencast Management LP Acquires 3,890 Shares of Honeywell International Inc. (HON)
Sciencast Management LP raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 54.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,040 shares of the conglomerate’s stock after buying an additional 3,890 shares during the period. Honeywell International comprises 0.8% of Sciencast Management LP’s portfolio, making the stock its 10th largest holding. Sciencast Management LP’s holdings in Honeywell International were worth $1,472,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HON. Hanson McClain Inc. increased its stake in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Burt Wealth Advisors increased its stake in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors increased its stake in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares in the last quarter. Finally, CKW Financial Group purchased a new stake in shares of Honeywell International in the second quarter worth $108,000. 76.04% of the stock is owned by institutional investors and hedge funds.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
Honeywell International Inc. (HON) traded down $0.45 during mid-day trading on Tuesday, reaching $153.21. 3,623,600 shares of the company’s stock traded hands, compared to its average volume of 2,708,790. Honeywell International Inc. has a fifty-two week low of $113.60 and a fifty-two week high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $117,061.69, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same quarter last year, the business earned $1.60 earnings per share. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
Honeywell International declared that its board has approved a stock buyback plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 1.95%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
Several equities analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday, August 17th. Royal Bank of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. Deutsche Bank reaffirmed a “buy” rating and set a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Finally, Citigroup raised their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $154.00.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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