Honeywell International Inc. (HON) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,880,271 shares of the conglomerate’s stock after acquiring an additional 193,523 shares during the period. Wells Fargo & Company MN’s holdings in Honeywell International were worth $748,439,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rowland & Co. Investment Counsel ADV raised its position in Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares in the last quarter. GM Advisory Group Inc. raised its position in Honeywell International by 1.4% during the 2nd quarter. GM Advisory Group Inc. now owns 2,187 shares of the conglomerate’s stock valued at $292,000 after purchasing an additional 31 shares in the last quarter. Meridian Investment Counsel Inc. raised its position in Honeywell International by 0.4% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after purchasing an additional 31 shares in the last quarter. Risk Paradigm Group LLC raised its position in Honeywell International by 2.7% during the 2nd quarter. Risk Paradigm Group LLC now owns 1,653 shares of the conglomerate’s stock valued at $220,000 after purchasing an additional 44 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC raised its position in Honeywell International by 0.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 10,046 shares of the conglomerate’s stock valued at $1,393,000 after purchasing an additional 48 shares in the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

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

Honeywell International Inc. (HON) opened at $143.28 on Monday. The company has a market capitalization of $107,746.84, a price-to-earnings ratio of 20.30, a PEG ratio of 1.96 and a beta of 0.98. 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 Inc. has a 1 year low of $122.40 and a 1 year high of $165.13.

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

Honeywell International declared that its Board of Directors has authorized a stock buyback program on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is 143.27%.

A number of brokerages have weighed in on HON. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 target price on shares of Honeywell International in a research report on Friday, January 26th. Bank of America lifted their target price on Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. TheStreet lowered Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Cowen reissued a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target 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.

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

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