KCM Investment Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 35,801 shares of the conglomerate’s stock after selling 479 shares during the quarter. KCM Investment Advisors LLC’s holdings in Honeywell International were worth $6,337,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PSI Advisors LLC bought a new stake in Honeywell International in the fourth quarter valued at about $40,000. Americana Partners LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $47,000. ICW Investment Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $48,000. TFO TDC LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $51,000. Finally, Lenox Wealth Advisors LLC boosted its stake in Honeywell International by 102.8% in the fourth quarter. Lenox Wealth Advisors LLC now owns 292 shares of the conglomerate’s stock valued at $52,000 after acquiring an additional 148 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. Credit Suisse Group decreased their target price on Honeywell International from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Robert W. Baird decreased their target price on Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday. Daiwa Capital Markets upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 target price for the company in a research note on Sunday. Oppenheimer assumed coverage on Honeywell International in a research note on Sunday, February 2nd. They issued a “hold” rating for the company. Finally, UBS Group started coverage on Honeywell International in a research note on Thursday, December 12th. They issued a “neutral” rating and a $192.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $178.93.
Shares of NYSE HON traded up $6.02 during midday trading on Thursday, hitting $135.67. 2,258,105 shares of the company’s stock were exchanged, compared to its average volume of 6,201,923. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.34 and a quick ratio of 1.10. The stock’s 50 day moving average price is $159.92 and its 200-day moving average price is $170.37. The firm has a market cap of $85.16 billion, a P/E ratio of 16.13, a PEG ratio of 1.55 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $101.08 and a twelve month high of $184.06.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 31st. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.02. The business had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.62 billion. Honeywell International had a return on equity of 32.21% and a net margin of 16.73%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. On average, analysts expect that Honeywell International Inc. will post 8.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 28th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, February 27th. This represents a $3.60 annualized dividend and a dividend yield of 2.65%. Honeywell International’s dividend payout ratio is presently 44.12%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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