Bragg Financial Advisors Inc increased its stake in Honeywell International Inc. (NYSE:HON) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,748 shares of the company’s stock after buying an additional 1,000 shares during the period. Bragg Financial Advisors Inc’s holdings in Honeywell International were worth $3,701,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. CWM LLC raised its stake in Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the company’s stock valued at $100,000 after buying an additional 274 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock valued at $104,000 after buying an additional 10 shares in the last quarter. Assetmark Inc. raised its stake in Honeywell International by 2.6% in the third quarter. Assetmark Inc. now owns 900 shares of the company’s stock valued at $105,000 after buying an additional 23 shares in the last quarter. Global X Management Co. LLC raised its stake in Honeywell International by 150.5% in the third quarter. Global X Management Co. LLC now owns 942 shares of the company’s stock valued at $110,000 after buying an additional 566 shares in the last quarter. Finally, BKS Advisors LLC bought a new stake in Honeywell International during the third quarter valued at about $135,000. Institutional investors own 76.33% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 121.85 on Friday. The firm has a market cap of $92.90 billion, a PE ratio of 19.65 and a beta of 0.94. Honeywell International Inc. has a one year low of $101.25 and a one year high of $122.00. The company’s 50-day moving average is $117.98 and its 200-day moving average is $114.82.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 27th. The company reported $1.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.74. The business earned $9.99 billion during the quarter, compared to analyst estimates of $10.15 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $1.58 EPS. On average, analysts forecast that Honeywell International Inc. will post $7.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 24th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, February 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 43.39%.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Jefferies Group LLC reiterated a “buy” rating and set a $133.00 target price (up from $130.00) on shares of Honeywell International in a research report on Monday, December 19th. Morgan Stanley lifted their target price on shares of Honeywell International from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, January 30th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $134.00 target price (up from $122.00) on shares of Honeywell International in a research report on Tuesday, December 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a research report on Thursday, December 15th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.83.
In other Honeywell International news, Director Linnet F. Deily sold 1,690 shares of the firm’s stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $116.74, for a total transaction of $197,290.60. Following the completion of the transaction, the director now owns 4,269 shares in the company, valued at approximately $498,363.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.83% of the stock is owned by company insiders.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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