Synovus Financial Corp trimmed its position in Honeywell International Inc. (NYSE:HON) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,847 shares of the conglomerate’s stock after selling 416 shares during the quarter. Synovus Financial Corp’s holdings in Honeywell International were worth $15,779,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. American International Group Inc. grew its stake in Honeywell International by 5.6% during the 4th quarter. American International Group Inc. now owns 239,980 shares of the conglomerate’s stock worth $36,803,000 after buying an additional 12,688 shares during the last quarter. Valmark Advisers Inc. bought a new position in Honeywell International during the 4th quarter worth $269,000. HAP Trading LLC bought a new position in Honeywell International during the 4th quarter worth $2,451,000. D L Carlson Investment Group Inc. grew its stake in Honeywell International by 12.9% during the 4th quarter. D L Carlson Investment Group Inc. now owns 8,402 shares of the conglomerate’s stock worth $1,289,000 after buying an additional 960 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in Honeywell International during the 4th quarter worth $668,000. Hedge funds and other institutional investors own 75.30% of the company’s stock.
NYSE:HON opened at $144.51 on Monday. Honeywell International Inc. has a 1 year low of $122.40 and a 1 year high of $165.13. The firm has a market capitalization of $108,671.80, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 2.06%. Honeywell International’s dividend payout ratio (DPR) is 41.91%.
Honeywell International announced that its Board of Directors has authorized a stock buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts recently commented on HON shares. Stifel Nicolaus restated a “buy” rating and set a $165.00 price objective on shares of Honeywell International in a research note on Friday, February 16th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Bank of America upped their price objective on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. UBS started coverage on Honeywell International in a research note on Monday, January 22nd. They set a “buy” rating for the company. Finally, Jefferies Group upped their price objective on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $166.73.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the sale, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
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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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