Waverton Investment Management Ltd Has $81.50 Million Position in Honeywell International Inc. (HON)
Waverton Investment Management Ltd boosted its stake in Honeywell International Inc. (NYSE:HON) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,435 shares of the conglomerate’s stock after acquiring an additional 30,262 shares during the period. Honeywell International accounts for 4.8% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 12th largest holding. Waverton Investment Management Ltd’s holdings in Honeywell International were worth $81,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Burt Wealth Advisors boosted its holdings in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the period. Mascoma Wealth Management LLC lifted its stake in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the period. Invictus RG acquired a new position in Honeywell International in the third quarter valued at approximately $117,000. Finally, First Personal Financial Services lifted its stake in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 76.52% of the company’s stock.
Honeywell International Inc. (HON) opened at $147.90 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Honeywell International Inc. has a 12-month low of $120.74 and a 12-month high of $165.13. The firm has a market capitalization of $111,932.20, a P/E ratio of 71.11, a PEG ratio of 2.09 and a beta of 0.96.
Honeywell International declared that its Board of Directors has authorized a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s payout ratio is 143.27%.
HON has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Deutsche Bank reissued a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research note on Tuesday, November 28th. Bank of America boosted their price target on Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research note on Friday, January 26th. UBS Group initiated coverage on Honeywell International in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, Jefferies Group boosted their price target on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $163.93.
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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