Gofen & Glossberg LLC IL lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 186,398 shares of the conglomerate’s stock after selling 1,309 shares during the quarter. Honeywell International accounts for 1.0% of Gofen & Glossberg LLC IL’s holdings, making the stock its 25th largest holding. Gofen & Glossberg LLC IL’s holdings in Honeywell International were worth $28,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burt Wealth Advisors grew its stake in Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Mascoma Wealth Management LLC grew its stake in Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 428 shares in the last quarter. Invictus RG purchased a new stake in Honeywell International during the 3rd quarter valued at about $117,000. Finally, First Personal Financial Services grew its stake in Honeywell International by 25.4% during the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after acquiring an additional 185 shares in the last quarter. 76.08% of the stock is owned by institutional investors.

Shares of Honeywell International Inc. (HON) opened at $149.47 on Tuesday. Honeywell International Inc. has a one year low of $122.10 and a one year high of $165.13. 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 firm has a market cap of $111,221.09, a P/E ratio of 20.95, a PEG ratio of 2.09 and a beta of 0.96.

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

The company also recently declared 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. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is 143.27%.

Honeywell International declared that its board has authorized a share buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Several brokerages recently issued reports on HON. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet cut shares of Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. UBS Group began coverage on shares of Honeywell International in a research note on Monday, January 22nd. They set a “buy” rating for the company. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price objective on shares of Honeywell International in a research note on Friday, January 26th. Finally, Bank of America upped their price objective on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $163.93.

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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.

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

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