Karp Capital Management Corp reduced its stake in Honeywell International Inc. (NYSE:HON) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,531 shares of the conglomerate’s stock after selling 1,393 shares during the quarter. Karp Capital Management Corp’s holdings in Honeywell International were worth $2,052,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. IMS Capital Management bought a new position in Honeywell International in the 3rd quarter worth $53,000. Clarus Wealth Advisors raised its holdings in Honeywell International by 48.4% in the 4th quarter. Clarus Wealth Advisors now owns 457 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 149 shares during the period. Ayalon Holdings Ltd. bought a new position in Honeywell International in the 4th quarter worth $61,000. Jackson Grant Investment Advisers Inc. raised its holdings in Honeywell International by 59.2% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 187 shares during the period. Finally, Enlightenment Research LLC bought a new position in Honeywell International in the 4th quarter worth $79,000. 75.67% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. UBS Group reaffirmed a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Royal Bank of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective on the stock in a report on Thursday, January 3rd. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price target on the stock in a report on Thursday, January 3rd. Zacks Investment Research reiterated a “hold” rating on shares of Honeywell International in a research report on Monday, December 31st. Finally, Barclays decreased their price objective on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $168.88.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 7.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were given a dividend of $0.82 per share. The ex-dividend date was Thursday, February 21st. This represents a $3.28 annualized dividend and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the sale, the director now owns 11,369 shares in the company, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the sale, the insider now owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
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Honeywell International Profile
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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