Honeywell International Inc. (HON) Shares Bought by M Holdings Securities Inc.
M Holdings Securities Inc. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,850 shares of the conglomerate’s stock after buying an additional 2,394 shares during the period. M Holdings Securities Inc.’s holdings in Honeywell International were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in HON. Ffcm LLC lifted its holdings in shares of Honeywell International by 7.6% in the first quarter. Ffcm LLC now owns 22,768 shares of the conglomerate’s stock valued at $2,844,000 after purchasing an additional 1,603 shares in the last quarter. Norinchukin Bank The lifted its holdings in shares of Honeywell International by 4.2% in the first quarter. Norinchukin Bank The now owns 88,452 shares of the conglomerate’s stock valued at $11,045,000 after purchasing an additional 3,532 shares in the last quarter. AGF Investments America Inc. lifted its holdings in shares of Honeywell International by 1.8% in the first quarter. AGF Investments America Inc. now owns 46,034 shares of the conglomerate’s stock valued at $5,748,000 after purchasing an additional 803 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Honeywell International by 1.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 12,855 shares of the conglomerate’s stock valued at $1,605,000 after purchasing an additional 201 shares in the last quarter. Finally, AGF Investments Inc. lifted its holdings in shares of Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock valued at $255,029,000 after purchasing an additional 105,943 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $585,932.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly 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. Corporate insiders own 1.56% of the company’s stock.
Honeywell International Inc. (HON) opened at $154.25 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The stock has a market cap of $115,966.05, a P/E ratio of 22.05, a P/E/G ratio of 2.34 and a beta of 0.99. Honeywell International Inc. has a one year low of $113.60 and a one year high of $156.70.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 earnings per share. research analysts forecast that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International declared that its Board of Directors has approved a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 1.93%. Honeywell International’s dividend payout ratio is 45.15%.
Several analysts have issued reports on HON shares. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank of Canada set a $148.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Finally, Morgan Stanley upped their price objective on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $159.79.
About Honeywell International
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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