Honeywell International Inc. (HON) is CENTRAL TRUST Co’s 10th Largest Position
CENTRAL TRUST Co cut its stake in Honeywell International Inc. (NYSE:HON) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 162,199 shares of the conglomerate’s stock after selling 2,899 shares during the quarter. Honeywell International makes up about 1.5% of CENTRAL TRUST Co’s investment portfolio, making the stock its 10th biggest position. CENTRAL TRUST Co’s holdings in Honeywell International were worth $24,875,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Webster Bank N. A. boosted its holdings in Honeywell International by 3.5% in the fourth quarter. Webster Bank N. A. now owns 9,175 shares of the conglomerate’s stock valued at $1,407,000 after purchasing an additional 314 shares during the period. Partnervest Advisory Services LLC purchased a new position in Honeywell International in the fourth quarter valued at $370,000. Bredin Investment LLC purchased a new position in Honeywell International in the fourth quarter valued at $552,000. Segment Wealth Management LLC boosted its holdings in Honeywell International by 597.0% in the fourth quarter. Segment Wealth Management LLC now owns 26,620 shares of the conglomerate’s stock valued at $4,083,000 after purchasing an additional 22,801 shares during the period. Finally, Eastern Bank boosted its holdings in Honeywell International by 0.4% in the fourth quarter. Eastern Bank now owns 98,552 shares of the conglomerate’s stock valued at $15,114,000 after purchasing an additional 423 shares during the period. Hedge funds and other institutional investors own 75.73% of the company’s stock.
A number of brokerages have issued reports on HON. Stifel Nicolaus reaffirmed a “buy” rating and set a $165.00 price target on shares of Honeywell International in a report on Friday, February 16th. Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell International in a report on Monday, January 22nd. Jefferies Group lifted their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price target on shares of Honeywell International in a report on Friday, January 26th. Finally, Bank of America lifted their price target on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $165.67.
Shares of Honeywell International Inc. (NYSE HON) opened at $154.05 on Thursday. 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 52-week low of $122.40 and a 52-week high of $165.13. The company has a market capitalization of $116,063.98, a PE ratio of 74.06, a PEG ratio of 2.18 and a beta of 0.96.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. research analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.
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 1.93%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is currently 143.27%.
Honeywell International declared that its Board of Directors has initiated a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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