WASHINGTON TRUST Co grew its position in shares of Honeywell International Inc. (NYSE:HON) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,486 shares of the conglomerate’s stock after buying an additional 163 shares during the period. WASHINGTON TRUST Co’s holdings in Honeywell International were worth $18,123,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HON. Canton Hathaway LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth $26,000. Curi Capital bought a new position in shares of Honeywell International during the fourth quarter worth about $29,000. Hoover Financial Advisors Inc. bought a new position in shares of Honeywell International during the fourth quarter worth about $33,000. Bellevue Asset Management LLC raised its position in shares of Honeywell International by 62.0% during the fourth quarter. Bellevue Asset Management LLC now owns 162 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 62 shares during the last quarter. Finally, ADE LLC bought a new position in shares of Honeywell International during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 75.97% of the company’s stock.
In other news, VP Anne T. Madden sold 8,885 shares of the stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $223.22, for a total transaction of $1,983,309.70. Following the sale, the vice president now directly owns 50,658 shares of the company’s stock, valued at approximately $11,307,878.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.12. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The business had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Honeywell International Inc. will post 7.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Friday, May 14th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, May 13th. Honeywell International’s dividend payout ratio (DPR) is 45.59%.
HON has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $222.00 to $244.00 in a research report on Wednesday, April 14th. Royal Bank of Canada lifted their target price on Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a report on Monday, February 1st. UBS Group lifted their target price on Honeywell International from $180.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, January 15th. They noted that the move was a valuation call. 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. Finally, Argus raised their price objective on Honeywell International from $195.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, February 1st. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $221.00.
Honeywell International Company Profile
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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