Fisher Asset Management LLC cut its position in shares of Honeywell International Inc. (NYSE:HON) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 148,245 shares of the conglomerate’s stock after selling 6,913 shares during the quarter. Fisher Asset Management LLC’s holdings in Honeywell International were worth $32,180,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Charles Schwab Trust Co boosted its stake in shares of Honeywell International by 3.8% during the fourth quarter. Charles Schwab Trust Co now owns 1,308 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 48 shares in the last quarter. Coho Partners Ltd. boosted its stake in shares of Honeywell International by 0.8% during the first quarter. Coho Partners Ltd. now owns 6,080 shares of the conglomerate’s stock valued at $1,320,000 after purchasing an additional 49 shares in the last quarter. Triton Wealth Management PLLC boosted its stake in shares of Honeywell International by 0.3% during the fourth quarter. Triton Wealth Management PLLC now owns 14,497 shares of the conglomerate’s stock valued at $3,022,000 after purchasing an additional 50 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Honeywell International by 3.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,540 shares of the conglomerate’s stock valued at $330,000 after purchasing an additional 50 shares in the last quarter. Finally, Trust Co of Kansas boosted its stake in shares of Honeywell International by 2.1% during the fourth quarter. Trust Co of Kansas now owns 2,380 shares of the conglomerate’s stock valued at $506,000 after purchasing an additional 50 shares in the last quarter. 75.97% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on HON. UBS Group lifted their price target on Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, January 15th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Honeywell International from $230.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Monday. Argus raised their price objective on Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. Royal Bank of Canada raised their price objective on Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a research report on Monday, February 1st. Finally, Credit Suisse Group lifted their target price on Honeywell International from $224.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $221.00.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, April 22nd. The conglomerate reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.12. The firm had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.07 billion. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. On average, equities research analysts anticipate that Honeywell International Inc. will post 7.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Stockholders of record on Friday, May 14th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $3.72 annualized dividend and a dividend yield of 1.67%. Honeywell International’s dividend payout ratio is 45.59%.
In related news, VP Anne T. Madden sold 8,885 shares of Honeywell International stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $223.22, for a total transaction of $1,983,309.70. Following the transaction, the vice president now owns 50,658 shares of the company’s stock, valued at $11,307,878.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company’s stock.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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