Alpha Cubed Investments LLC increased its position in shares of Honeywell International Inc. (NYSE:HON) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,438 shares of the conglomerate’s stock after acquiring an additional 371 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Honeywell International were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HON. Assetmark Inc. increased its stake in Honeywell International by 30.2% in the 1st quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock valued at $153,000 after buying an additional 284 shares during the period. Legacy Capital Partners Inc. increased its stake in Honeywell International by 0.9% in the 1st quarter. Legacy Capital Partners Inc. now owns 6,631 shares of the conglomerate’s stock valued at $828,000 after buying an additional 56 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Honeywell International by 2.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,905 shares of the conglomerate’s stock valued at $3,609,000 after buying an additional 821 shares during the period. Ingalls & Snyder LLC increased its stake in Honeywell International by 17.8% in the 1st quarter. Ingalls & Snyder LLC now owns 6,887 shares of the conglomerate’s stock valued at $860,000 after buying an additional 1,039 shares during the period. Finally, Keybank National Association OH increased its stake in Honeywell International by 4.4% in the 1st quarter. Keybank National Association OH now owns 332,130 shares of the conglomerate’s stock valued at $41,474,000 after buying an additional 14,130 shares during the period. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Honeywell International Inc. (NYSE:HON) opened at $154.73 on Thursday. Honeywell International Inc. has a 12 month low of $115.42 and a 12 month high of $156.70. The company has a market cap of $116,632.05, a price-to-earnings ratio of 22.17, a PEG ratio of 2.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the prior year, the business posted $1.60 EPS. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts forecast that Honeywell International Inc. will post 7.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend 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 currently 45.15%.

Honeywell International announced that its board has initiated a stock buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Several research firms have weighed in on HON. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus dropped their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Oppenheimer upped their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Jefferies Group increased their price target on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $159.79.

In related news, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction on 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 sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

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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.

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

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