Wellington Shields & Co. LLC Boosts Position in Honeywell International Inc. (NYSE:HON)


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Wellington Shields & Co. LLC lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,809 shares of the conglomerate’s stock after acquiring an additional 800 shares during the period. Honeywell International accounts for approximately 1.7% of Wellington Shields & Co. LLC’s portfolio, making the stock its 12th biggest position. Wellington Shields & Co. LLC’s holdings in Honeywell International were worth $4,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Charles Schwab Trust Co grew its position in Honeywell International by 3.8% in the 4th quarter. Charles Schwab Trust Co now owns 1,308 shares of the conglomerate’s stock valued at $278,000 after acquiring an additional 48 shares in the last quarter. Triton Wealth Management PLLC grew its position in shares of Honeywell International by 0.3% during the fourth quarter. Triton Wealth Management PLLC now owns 14,497 shares of the conglomerate’s stock worth $3,022,000 after buying an additional 50 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Honeywell International by 3.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,540 shares of the conglomerate’s stock worth $330,000 after buying an additional 50 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Honeywell International by 5.0% during the third quarter. Lindbrook Capital LLC now owns 1,207 shares of the conglomerate’s stock worth $199,000 after buying an additional 58 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Honeywell International by 0.7% during the fourth quarter. Global Retirement Partners LLC now owns 8,400 shares of the conglomerate’s stock worth $1,787,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.

HON stock traded down $0.39 on Tuesday, reaching $203.23. 40,586 shares of the company’s stock were exchanged, compared to its average volume of 2,683,871. The stock has a fifty day moving average of $204.06 and a 200-day moving average of $187.85. Honeywell International Inc. has a twelve month low of $101.08 and a twelve month high of $216.70. The firm has a market cap of $141.35 billion, a PE ratio of 29.21, a P/E/G ratio of 3.41 and a beta of 1.13. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. Honeywell International’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post 7.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 12th. Shareholders of record on Friday, February 26th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, February 25th. Honeywell International’s dividend payout ratio (DPR) is 45.59%.

A number of equities analysts have recently commented on HON shares. Royal Bank of Canada boosted their price objective on Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a research report on Monday, February 1st. Robert W. Baird boosted their target price on Honeywell International from $167.00 to $221.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 24th. Credit Suisse Group decreased their target price on Honeywell International from $230.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, February 1st. Morgan Stanley boosted their target price on Honeywell International from $219.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Monday, February 1st. Finally, UBS Group boosted their price objective on Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, January 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Hold” and an average target price of $193.33.

In other news, major shareholder Honeywell International Inc bought 15,000 shares of the stock in a transaction on Thursday, December 17th. The shares were bought at an average price of $4.20 per share, with a total value of $63,000.00. Following the completion of the acquisition, the insider now owns 2,892,116 shares of the company’s stock, valued at $12,146,887.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

Honeywell International Profile

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.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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