Buckingham Capital Management Inc. Raises Position in Honeywell International Inc. (NYSE:HON)

Buckingham Capital Management Inc. lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,462 shares of the conglomerate’s stock after acquiring an additional 766 shares during the period. Buckingham Capital Management Inc.’s holdings in Honeywell International were worth $3,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hanson McClain Inc. increased its position in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. Weatherly Asset Management L. P. grew its stake in shares of Honeywell International by 0.3% in the 1st quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock valued at $312,000 after purchasing an additional 8 shares during the last quarter. Hudock Capital Group LLC grew its stake in shares of Honeywell International by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock valued at $502,000 after purchasing an additional 14 shares during the last quarter. Point View Wealth Management Inc. grew its stake in shares of Honeywell International by 1.0% in the 1st quarter. Point View Wealth Management Inc. now owns 1,871 shares of the conglomerate’s stock valued at $234,000 after purchasing an additional 19 shares during the last quarter. Finally, Regents of The University of California grew its stake in shares of Honeywell International by 0.5% in the 1st quarter. Regents of The University of California now owns 4,223 shares of the conglomerate’s stock valued at $527,000 after purchasing an additional 23 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 1,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $137.24, for a total transaction of $137,240.00. Following the sale, the senior vice president now directly owns 180,211 shares in the company, valued at $24,732,157.64. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 in the last three months. 1.56% of the stock is owned by company insiders.

Shares of Honeywell International Inc. (NYSE:HON) opened at 138.95 on Friday. The firm has a market cap of $105.68 billion, a PE ratio of 21.55 and a beta of 0.94. The firm’s 50-day moving average price is $137.53 and its 200 day moving average price is $132.16. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21.

Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.

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HON has been the topic of several analyst reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research note on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc assumed coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target on the stock. Finally, Jefferies Group LLC restated a “buy” rating and issued a $155.00 price target (up from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $141.24.

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.

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

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