Columbia Asset Management Has $3.07 Million Stake in Honeywell International Inc. (HON)
Columbia Asset Management lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,020 shares of the conglomerate’s stock after acquiring an additional 1,815 shares during the period. Columbia Asset Management’s holdings in Honeywell International were worth $3,070,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of HON. Intercontinental Wealth Advisors LLC acquired a new stake in Honeywell International in the second quarter worth approximately $267,000. Baltimore Capital Management Inc. lifted its position in Honeywell International by 8.6% in the second quarter. Baltimore Capital Management Inc. now owns 5,808 shares of the conglomerate’s stock worth $774,000 after purchasing an additional 460 shares during the period. D L Carlson Investment Group Inc. lifted its position in Honeywell International by 3.1% in the second quarter. D L Carlson Investment Group Inc. now owns 7,859 shares of the conglomerate’s stock worth $1,047,000 after purchasing an additional 234 shares during the period. Farr Miller & Washington LLC DC acquired a new stake in Honeywell International in the second quarter worth approximately $219,000. Finally, Blue Rock Advisors LLC acquired a new stake in Honeywell International in the second quarter worth approximately $805,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $150.42 on Thursday. The stock has a market capitalization of $112,570.00, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 2.15 and a beta of 0.97. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.
Honeywell International announced that its Board of Directors has initiated a stock repurchase plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.98%. Honeywell International’s dividend payout ratio is currently 69.63%.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.
A number of research firms have weighed in on HON. Oppenheimer upped their target price on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a research report on Friday, January 26th. Cowen restated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research report on Monday, January 22nd. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Stifel Nicolaus cut their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $165.67.
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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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