South Plains Financial Inc. bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,280 shares of the conglomerate's stock, valued at approximately $1,419,000. Honeywell International accounts for about 1.1% of South Plains Financial Inc.'s holdings, making the stock its 24th biggest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Valmark Advisers Inc. increased its holdings in shares of Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after buying an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC increased its stake in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC raised its position in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after purchasing an additional 48 shares during the period. Finally, Bill Few Associates Inc. lifted its stake in shares of Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 75.91% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays reduced their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $241.46.
Check Out Our Latest Research Report on HON
Honeywell International Stock Up 1.6 %
Shares of NASDAQ HON traded up $3.39 during midday trading on Friday, reaching $214.13. 4,378,467 shares of the company's stock traded hands, compared to its average volume of 3,707,631. The company has a market cap of $137.74 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.51 and a beta of 1.01. The stock's 50 day simple moving average is $205.07 and its 200-day simple moving average is $215.57. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 EPS. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Honeywell International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.11%. Honeywell International's dividend payout ratio (DPR) is 51.95%.
Insiders Place Their Bets
In other news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.
About Honeywell International
(
Free Report)
Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's 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; and thermal systems, as well as wireless connectivity services.
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