Buckingham Capital Management Inc. Sells 948 Shares of Honeywell International Inc. (NASDAQ:HON)

Buckingham Capital Management Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,048 shares of the conglomerate’s stock after selling 948 shares during the quarter. Honeywell International comprises approximately 1.6% of Buckingham Capital Management Inc.’s holdings, making the stock its 17th largest position. Buckingham Capital Management Inc.’s holdings in Honeywell International were worth $14,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after buying an additional 92,112 shares during the last quarter. Wellington Management Group LLP increased its stake in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the period. Geode Capital Management LLC raised its holdings in Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Honeywell International by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock worth $822,458,000 after acquiring an additional 265,789 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Honeywell International by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock worth $782,232,000 after purchasing an additional 42,287 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HON shares. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $202.75 on Tuesday. The business has a fifty day moving average of $222.30 and a 200-day moving average of $215.21. The firm has a market cap of $131.84 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts predict that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s payout ratio is 51.89%.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.