Coho Partners Ltd. Raises Stock Position in Honeywell International Inc. (NYSE:HON)


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Coho Partners Ltd. grew its stake in Honeywell International Inc. (NYSE:HON) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,080 shares of the conglomerate’s stock after buying an additional 49 shares during the period. Coho Partners Ltd.’s holdings in Honeywell International were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Honeywell International by 4.8% during the 4th quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock valued at $9,111,162,000 after buying an additional 1,948,217 shares during the last quarter. Bessemer Group Inc. increased its holdings in Honeywell International by 7,187.3% during the fourth quarter. Bessemer Group Inc. now owns 782,223 shares of the conglomerate’s stock valued at $166,378,000 after buying an additional 771,489 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Honeywell International by 138.6% in the fourth quarter. First Trust Advisors LP now owns 1,287,575 shares of the conglomerate’s stock worth $273,867,000 after purchasing an additional 747,974 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Honeywell International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock worth $2,167,460,000 after purchasing an additional 477,569 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Honeywell International by 3.3% in the fourth quarter. Morgan Stanley now owns 11,728,323 shares of the conglomerate’s stock worth $2,494,613,000 after purchasing an additional 379,995 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

Shares of NYSE HON opened at $229.26 on Friday. Honeywell International Inc. has a twelve month low of $117.11 and a twelve month high of $232.35. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $159.45 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13. The business has a 50 day simple moving average of $217.83 and a 200-day simple moving average of $203.34.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, April 23rd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.13. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The company 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 firm posted $2.21 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 7.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Friday, February 26th were issued a $0.93 dividend. The ex-dividend date was Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.62%. Honeywell International’s dividend payout ratio (DPR) is 45.59%.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group raised their target price on shares of Honeywell International from $222.00 to $224.00 and gave the stock an “outperform” rating in a report on Thursday, April 1st. Argus boosted their target price on shares of Honeywell International from $195.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, February 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $222.00 to $244.00 in a research note on Wednesday, April 14th. UBS Group boosted their price target on shares of 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. Finally, Morgan Stanley boosted their price target on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, March 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $208.67.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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