Cedar Capital LLC Increases Stake in Honeywell International Inc. (HON)

Cedar Capital LLC increased its holdings in Honeywell International Inc. (NYSE:HON) by 26.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,927 shares of the conglomerate’s stock after acquiring an additional 604 shares during the period. Cedar Capital LLC’s holdings in Honeywell International were worth $449,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Rowland & Co. Investment Counsel ADV boosted 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 buying an additional 14 shares during the period. Jacobi Capital Management LLC boosted its position in Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after buying an additional 16 shares during the period. Bienville Capital Management LLC boosted its position in Honeywell International by 1.0% during the 2nd quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock valued at $417,000 after buying an additional 31 shares during the period. GM Advisory Group Inc. boosted 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 buying an additional 31 shares during the period. Finally, Meridian Investment Counsel Inc. boosted 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 buying an additional 31 shares during the period. 77.97% of the stock is owned by institutional investors.

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Honeywell International Inc. (NYSE:HON) opened at $154.21 on Friday. 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. The company has a market cap of $115,970.00, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.

Honeywell International (NYSE:HON) last issued its quarterly earnings data 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 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 analyst estimates of $10.80 billion. During the same period in the prior year, the business earned $1.74 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. sell-side analysts predict that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. Honeywell International’s payout ratio is 69.63%.

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

Several equities research analysts have weighed in on HON shares. Deutsche Bank reissued a “buy” rating and set a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Argus increased their price target on shares of Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Robert W. Baird reissued a “buy” rating and set a $187.00 price target on shares of Honeywell International in a research report on Friday, January 26th. Bank of America increased their price target on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, UBS Group started coverage on shares of Honeywell International in a research report on Monday, January 22nd. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $165.67.

In related news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the transaction, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

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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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