Barrow Hanley Mewhinney & Strauss LLC trimmed its position in Honeywell International Inc. (NYSE:HON) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,542 shares of the conglomerate’s stock after selling 21,544 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.05% of Honeywell International worth $50,410,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Capital Financial Planning LLC acquired a new stake in Honeywell International during the 4th quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $31,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $33,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $36,000. Finally, IMS Capital Management acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 75.65% of the company’s stock.
In related news, Director Linnet F. Deily sold 4,234 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the sale, the insider now directly 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. 0.73% of the stock is currently owned by company insiders.
NYSE:HON opened at $169.06 on Friday. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $169.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.06. The firm has a market capitalization of $123.14 billion, a P/E ratio of 21.11, a PEG ratio of 2.28 and a beta of 1.10.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.09. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same period last year, the business earned $1.95 earnings per share. The firm’s revenue was down 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 7.95 EPS for the current year.
A number of analysts have recently issued reports on the stock. CIBC reiterated a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a report on Monday, April 8th. UBS Group reiterated a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Deutsche Bank lifted their price objective on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. Finally, Royal Bank of Canada upgraded 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. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and a consensus target price of $169.32.
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Honeywell International Company 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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