V Wealth Management LLC grew its holdings in shares of Honeywell International Inc. (NYSE:HON) by 71.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,240 shares of the conglomerate’s stock after acquiring an additional 1,355 shares during the period. V Wealth Management LLC’s holdings in Honeywell International were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Burt Wealth Advisors boosted its holdings in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the period. Mosaic Family Wealth LLC boosted its holdings in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the period. Mascoma Wealth Management LLC boosted its holdings in Honeywell International by 113.2% in the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the period. Invictus RG bought a new position in shares of Honeywell International during the 3rd quarter valued at about $117,000. Finally, First Personal Financial Services boosted its holdings in shares of Honeywell International by 25.4% during the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after purchasing an additional 185 shares during the last quarter. 75.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (HON) opened at $154.03 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $115,830.86, a PE ratio of 74.05, a PEG ratio of 2.17 and a beta of 0.96. Honeywell International Inc. has a 1 year low of $122.40 and a 1 year high of $165.13.
Honeywell International announced that its board has authorized a share buyback program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
The firm 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 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio is 143.27%.
In other news, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.56% of the stock is currently owned by corporate insiders.
Several research firms have commented on HON. Stifel Nicolaus reissued a “buy” rating and set a $165.00 price objective on shares of Honeywell International in a report on Friday. Cowen reissued a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a report on Monday, January 22nd. Jefferies Group increased their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Bank of America increased their price objective on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $165.67.
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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