Exane Derivatives trimmed its stake in Honeywell International Inc. (NYSE:HON) by 16.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,976 shares of the conglomerate’s stock after selling 575 shares during the quarter. Exane Derivatives’ holdings in Honeywell International were worth $422,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hanson McClain Inc. lifted its holdings in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co lifted its holdings in shares of Honeywell International by 0.3% during the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares in the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Honeywell International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares in the last quarter. Rowland & Co. Investment Counsel ADV lifted its holdings in shares of Honeywell International by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Honeywell International by 0.6% during the second quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Honeywell International Inc. (NYSE:HON) opened at $154.25 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of $116,647.13, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. Honeywell International Inc. has a 1 year low of $113.60 and a 1 year high of $156.70.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 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 business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. sell-side analysts expect that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International announced that its board has initiated a stock repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.

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

A number of research firms have weighed in on HON. Citigroup set a $180.00 target price on Honeywell International and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus lowered their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday. Oppenheimer increased their target price on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Group increased their target price on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their target price on Honeywell International to $163.00 and gave the company an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $159.79.

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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.

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

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