Providence Capital Advisors LLC grew its stake in Honeywell International Inc. (NYSE:HON) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,899 shares of the conglomerate’s stock after acquiring an additional 667 shares during the quarter. Honeywell International comprises approximately 1.6% of Providence Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Providence Capital Advisors LLC’s holdings in Honeywell International were worth $2,365,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. IMS Capital Management purchased a new position in shares of Honeywell International during the 3rd quarter worth $53,000. Ayalon Holdings Ltd. purchased a new position in shares of Honeywell International during the 4th quarter worth $61,000. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Honeywell International by 59.2% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 187 shares during the period. Welch Group LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth $108,000. Finally, Global Trust Asset Management LLC grew its holdings in shares of Honeywell International by 50.9% during the 4th quarter. Global Trust Asset Management LLC now owns 661 shares of the conglomerate’s stock worth $87,000 after purchasing an additional 223 shares during the period. 75.27% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International stock opened at $154.58 on Thursday. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $167.72. The stock has a market cap of $111.75 billion, a P/E ratio of 19.30, a PEG ratio of 2.15 and a beta of 1.08. 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 earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.72 billion. During the same period last year, the business posted $1.85 EPS. Honeywell International’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, February 21st. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
A number of equities analysts have recently weighed in on the company. CIBC reiterated a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. UBS Group reiterated a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Zacks Investment Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Deutsche Bank increased their price target on Honeywell International to $160.00 and gave the stock a “buy” rating in a report on Monday, February 4th. Finally, Citigroup set a $186.00 price target on Honeywell International and gave the stock a “buy” rating in a report on Tuesday, October 30th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $168.88.
In other news, VP Krishna Mikkilineni sold 28,281 shares of Honeywell International stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total value of $4,061,434.41. Following the completion of the transaction, the vice president now owns 91,829 shares in the company, valued at approximately $13,187,562.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the transaction, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
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Honeywell International Profile
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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