Honeywell International Inc. (HON) Holdings Trimmed by First United Bank Trust
First United Bank Trust lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,006 shares of the conglomerate’s stock after selling 325 shares during the quarter. Honeywell International accounts for 1.9% of First United Bank Trust’s holdings, making the stock its 9th biggest position. First United Bank Trust’s holdings in Honeywell International were worth $2,915,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Schulhoff & Co. Inc. boosted its holdings in shares of Honeywell International by 1.8% in the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after buying an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Honeywell International by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after buying an additional 11,091 shares during the last quarter. AGF Investments America Inc. boosted its holdings in shares of Honeywell International by 3.6% in the 2nd quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock valued at $6,358,000 after buying an additional 1,668 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its holdings in shares of Honeywell International by 2,358.6% in the 3rd quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock valued at $48,115,000 after buying an additional 325,653 shares during the last quarter. 76.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (HON) opened at $148.50 on Wednesday. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $112,401.73, a price-to-earnings ratio of 71.39, a P/E/G ratio of 2.11 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s payout ratio is 143.27%.
Honeywell International declared that its board has authorized a stock 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have recently commented on HON. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Robert W. Baird reissued a “buy” rating and issued a $187.00 price objective on shares of Honeywell International in a report on Friday, January 26th. Bank of America increased their price objective on Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, UBS Group began coverage on Honeywell International in a report on Monday, January 22nd. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $163.93.
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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