Private Asset Management Inc. decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 17.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,425 shares of the conglomerate’s stock after selling 500 shares during the period. Private Asset Management Inc.’s holdings in Honeywell International were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hudock Capital Group LLC lifted its holdings in Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares in the last quarter. Rowland & Co. Investment Counsel ADV lifted its holdings in Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 14 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after purchasing an additional 16 shares in the last quarter. Oliver Luxxe Assets LLC lifted its holdings in Honeywell International by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after purchasing an additional 21 shares in the last quarter. Finally, Barrett Asset Management LLC lifted its holdings in Honeywell International by 0.9% during the 2nd quarter. Barrett Asset Management LLC now owns 2,522 shares of the conglomerate’s stock worth $336,000 after purchasing an additional 22 shares in the last quarter. 76.52% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Inc. (NYSE HON) opened at $147.90 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $110,509.45, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Honeywell International Inc. has a one year low of $119.64 and a one year high of $165.13.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. equities analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.

Honeywell International declared that its Board of Directors has approved 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. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

HON has been the topic of a number of recent research reports. Argus increased their price objective on Honeywell International from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Vertical Research restated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen restated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Thursday, October 19th. Deutsche Bank restated a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Finally, Jefferies Group upped their target price on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus price target of $163.93.

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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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