Citizens Financial Group Inc RI raised its position in Honeywell International Inc. (NYSE:HON) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,534 shares of the conglomerate’s stock after purchasing an additional 1,966 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Honeywell International were worth $13,271,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Welch Group LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $100,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $113,000. Mascoma Wealth Management LLC increased its position in shares of 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 acquiring an additional 428 shares during the last quarter. Invictus RG acquired a new stake in shares of Honeywell International in the third quarter valued at about $117,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Honeywell International by 772.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 912 shares during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the sale, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Honeywell International stock opened at $144.51 on Monday. Honeywell International Inc. has a 52 week low of $122.40 and a 52 week high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. The stock has a market cap of $108,671.80, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.98.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company posted $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% on a year-over-year basis. sell-side analysts predict that Honeywell International Inc. will post 7.97 EPS for the current year.
Honeywell International announced that its Board of Directors has initiated a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s payout ratio is currently 41.91%.
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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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