Murphy Capital Management Inc. decreased its stake in Honeywell International Inc. (NYSE:HON) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,326 shares of the conglomerate’s stock after selling 1,009 shares during the period. Honeywell International makes up 1.0% of Murphy Capital Management Inc.’s portfolio, making the stock its 29th biggest position. Murphy Capital Management Inc.’s holdings in Honeywell International were worth $7,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HON. Penn Davis Mcfarland Inc. boosted its holdings in Honeywell International by 5.9% in the third quarter. Penn Davis Mcfarland Inc. now owns 14,321 shares of the conglomerate’s stock valued at $2,030,000 after purchasing an additional 800 shares during the last quarter. Texas Capital Bancshares Inc. TX purchased a new position in Honeywell International in the third quarter valued at about $468,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Honeywell International by 3.7% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 14,965 shares of the conglomerate’s stock valued at $2,121,000 after purchasing an additional 532 shares during the last quarter. Rockefeller Financial Services Inc. boosted its holdings in Honeywell International by 8.2% in the third quarter. Rockefeller Financial Services Inc. now owns 109,020 shares of the conglomerate’s stock valued at $15,452,000 after purchasing an additional 8,305 shares during the last quarter. Finally, Guild Investment Management Inc. purchased a new position in Honeywell International in the third quarter valued at about $506,000. 76.30% of the stock is owned by institutional investors.

Shares of Honeywell International Inc. (NYSE HON) opened at $154.11 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $116,995.31, a P/E ratio of 22.24, a PEG ratio of 2.57 and a beta of 0.99. Honeywell International Inc. has a 1 year low of $115.42 and a 1 year high of $156.70.

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

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

Honeywell International announced that its Board of Directors has authorized a share repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

A number of research analysts have commented on the company. Citigroup set a $180.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Thursday, December 14th. Stifel Nicolaus reduced 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, December 14th. Oppenheimer increased their target price on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Jefferies Group increased their target price on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Royal Bank of Canada increased their target price on Honeywell International to $163.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.79.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on 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 in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

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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.

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

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