Lbmc Investment Advisors LLC acquired a new stake in Honeywell International Inc. (NYSE:HON) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,322 shares of the conglomerate’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently bought and sold shares of HON. BlackRock Inc. raised its holdings in Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after acquiring an additional 1,207,893 shares during the period. Rothschild Asset Management Inc. raised its holdings in Honeywell International by 2,358.6% during the 3rd quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock valued at $48,115,000 after acquiring an additional 325,653 shares during the period. Prudential Financial Inc. raised its holdings in Honeywell International by 22.6% during the 3rd quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock valued at $321,367,000 after acquiring an additional 417,770 shares during the period. Veritable L.P. raised its holdings in Honeywell International by 2.6% during the 2nd quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock valued at $4,300,000 after acquiring an additional 823 shares during the period. Finally, OLD National Bancorp IN raised its holdings in Honeywell International by 10.8% during the 3rd quarter. OLD National Bancorp IN now owns 9,443 shares of the conglomerate’s stock valued at $1,339,000 after acquiring an additional 918 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

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Honeywell International Inc. (NYSE HON) opened at $146.88 on Friday. The firm has a market cap of $113,823.02, a price-to-earnings ratio of 21.44, a PEG ratio of 2.14 and a beta of 0.98. Honeywell International Inc. has a 1-year low of $122.40 and a 1-year high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.

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

Honeywell International announced that its board has initiated a stock repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 2.03%. Honeywell International’s dividend payout ratio is presently 143.27%.

In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on HON shares. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet cut shares of Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Royal Bank of Canada cut shares of Honeywell International from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $163.00 to $158.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Oppenheimer boosted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell International has an average rating of “Buy” and a consensus target price of $166.73.

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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.

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

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