Addenda Capital Inc. decreased its position in shares of Honeywell International Inc. (NYSE:HON) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,779 shares of the conglomerate’s stock after selling 3,727 shares during the quarter. Addenda Capital Inc.’s holdings in Honeywell International were worth $8,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burt Wealth Advisors lifted its position in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Mosaic Family Wealth LLC lifted its position in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the period. Mascoma Wealth Management LLC lifted its position in Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the period. Invictus RG bought a new stake in Honeywell International during the third quarter worth about $117,000. Finally, First Personal Financial Services lifted its position in Honeywell International by 25.4% during the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after purchasing an additional 185 shares during the period. 76.52% of the stock is owned by institutional investors and hedge funds.

Honeywell International Inc. (HON) opened at $147.90 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The company has a market capitalization of $111,930.00, a PE ratio of 71.11, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. Honeywell International Inc. has a 52 week low of $120.74 and a 52 week high of $165.13.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS 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 during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. sell-side analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.

Honeywell International declared that its board has initiated a stock buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, February 22nd. Honeywell International’s dividend payout ratio is currently 143.27%.

Several equities research analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price objective on shares of Honeywell International in a research report on Friday, January 26th. Bank of America upped their price objective on shares of Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reissued a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research note on Monday, January 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s 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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