Lord Abbett & CO. LLC grew its position in shares of Honeywell International Inc. (NYSE:HON) by 51.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,008 shares of the conglomerate’s stock after buying an additional 145,207 shares during the period. Lord Abbett & CO. LLC owned 0.06% of Honeywell International worth $56,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. Ffcm LLC raised its stake in shares of Honeywell International by 7.6% during the 1st quarter. Ffcm LLC now owns 22,768 shares of the conglomerate’s stock valued at $2,844,000 after purchasing an additional 1,603 shares during the period. Norinchukin Bank The raised its stake in shares of Honeywell International by 4.2% during the 1st quarter. Norinchukin Bank The now owns 88,452 shares of the conglomerate’s stock valued at $11,045,000 after purchasing an additional 3,532 shares during the period. AGF Investments America Inc. raised its stake in shares of Honeywell International by 1.8% during the 1st quarter. AGF Investments America Inc. now owns 46,034 shares of the conglomerate’s stock valued at $5,748,000 after purchasing an additional 803 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in shares of Honeywell International by 1.6% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 12,855 shares of the conglomerate’s stock valued at $1,605,000 after purchasing an additional 201 shares during the period. Finally, AGF Investments Inc. increased its stake in Honeywell International by 5.5% in the 1st quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after acquiring an additional 105,943 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on HON. Cowen restated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Tuesday, October 10th. Vertical Research restated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Citigroup upped their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Jefferies Group restated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Finally, Royal Bank of Canada set a $148.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $159.79.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Honeywell International Inc. (HON) opened at $154.25 on Friday. Honeywell International Inc. has a fifty-two week low of $113.60 and a fifty-two week high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $115,966.05, a PE ratio of 22.05, a PEG ratio of 2.34 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period in the prior year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts anticipate that Honeywell International Inc. will post 7.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 45.15%.

Honeywell International announced that its Board of Directors has authorized a stock repurchase plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Honeywell International Company Profile

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

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