Rockland Trust Co. acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,552 shares of the conglomerate’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HON. Wetherby Asset Management Inc. grew its holdings in Honeywell International by 1.9% during the second quarter. Wetherby Asset Management Inc. now owns 11,858 shares of the conglomerate’s stock valued at $1,580,000 after purchasing an additional 216 shares during the period. Carnick & Kubik Group LLC grew its holdings in Honeywell International by 2.5% during the second quarter. Carnick & Kubik Group LLC now owns 9,227 shares of the conglomerate’s stock valued at $1,230,000 after purchasing an additional 226 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Honeywell International by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock valued at $327,636,000 after purchasing an additional 114,309 shares during the period. Boston Partners grew its holdings in Honeywell International by 5.5% during the second quarter. Boston Partners now owns 560,197 shares of the conglomerate’s stock valued at $74,669,000 after purchasing an additional 28,961 shares during the period. Finally, Summit Securities Group LLC acquired a new position in Honeywell International during the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 76.08% of the company’s stock.

Shares of Honeywell International Inc. (NYSE:HON) opened at $147.90 on Monday. 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 company has a market cap of $111,221.09, a price-to-earnings ratio of 20.95, a PEG ratio of 2.09 and a beta of 0.96. Honeywell International Inc. has a 1 year low of $120.74 and a 1 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, topping the Zacks’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. research analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.

The firm 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 $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio is presently 143.27%.

Honeywell International announced that its Board of Directors has approved a share buyback program on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Several research firms have recently weighed in on HON. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Oppenheimer upped their price target 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. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price target on shares of Honeywell International in a report on Friday, January 26th. Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a report on Monday, January 22nd. Finally, Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $163.93.

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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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