First Midwest Bank Trust Division Has $5.93 Million Holdings in Honeywell International Inc. (HON)

First Midwest Bank Trust Division lowered its position in Honeywell International Inc. (NYSE:HON) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,847 shares of the conglomerate’s stock after selling 581 shares during the quarter. Honeywell International comprises approximately 0.7% of First Midwest Bank Trust Division’s investment portfolio, making the stock its 25th biggest holding. First Midwest Bank Trust Division’s holdings in Honeywell International were worth $5,932,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HON. Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after acquiring an additional 1,234,672 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after acquiring an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after acquiring an additional 3,728,533 shares in the last quarter. FMR LLC boosted its holdings in shares of Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after acquiring an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after acquiring an additional 629,221 shares in the last quarter. Institutional investors own 76.30% of the company’s stock.

Shares of Honeywell International Inc. (NYSE:HON) opened at $153.49 on Monday. The firm has a market cap of $116,336.89, a P/E ratio of 23.26, a P/E/G ratio of 2.56 and a beta of 0.99. Honeywell International Inc. has a 1-year low of $115.42 and a 1-year high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. equities research analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.94%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.

Honeywell International announced that its Board of Directors has approved 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

HON has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Thursday, September 21st. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Royal Bank of Canada increased their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Citigroup increased their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Finally, Vertical Research reiterated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $160.50.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

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Honeywell International 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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