Prudential Financial Inc. raised its holdings in Honeywell International Inc. (NYSE:HON) by 22.6% in the third quarter, HoldingsChannel.com reports. The fund owned 2,267,295 shares of the conglomerate’s stock after buying an additional 417,770 shares during the quarter. Prudential Financial Inc.’s holdings in Honeywell International were worth $321,367,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Goelzer Investment Management Inc. increased its position in shares of Honeywell International by 0.5% in the second quarter. Goelzer Investment Management Inc. now owns 52,286 shares of the conglomerate’s stock valued at $6,969,000 after buying an additional 246 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Honeywell International by 3.5% in the second quarter. TD Asset Management Inc. now owns 1,459,095 shares of the conglomerate’s stock valued at $194,483,000 after buying an additional 49,592 shares in the last quarter. Advisor Partners LLC increased its position in shares of Honeywell International by 15.7% in the second quarter. Advisor Partners LLC now owns 19,469 shares of the conglomerate’s stock valued at $2,595,000 after buying an additional 2,643 shares in the last quarter. Lakeview Capital Partners LLC increased its position in shares of Honeywell International by 23.3% in the second quarter. Lakeview Capital Partners LLC now owns 2,425 shares of the conglomerate’s stock valued at $323,000 after buying an additional 458 shares in the last quarter. Finally, Baxter Bros Inc. increased its position in shares of Honeywell International by 0.6% in the second quarter. Baxter Bros Inc. now owns 26,101 shares of the conglomerate’s stock valued at $3,479,000 after buying an additional 151 shares in the last quarter. 76.52% of the stock is owned by institutional investors.

Shares of Honeywell International Inc. (NYSE HON) opened at $146.02 on Friday. The company has a market capitalization of $110,510.00, a PE ratio of 70.20, a P/E/G ratio of 2.13 and a beta of 0.96. Honeywell International Inc. has a 52-week low of $119.64 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. analysts expect that Honeywell International Inc. will post 7.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is 143.27%.

Honeywell International announced that its board has approved a stock repurchase plan on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently weighed in on HON. Cowen restated a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a research report on Thursday, October 19th. Jefferies Group raised their price target on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and issued a $187.00 price target on shares of Honeywell International in a research report on Friday, January 26th. Stifel Nicolaus dropped their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Finally, Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $163.93.

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Honeywell International 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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