Heritage Investors Management Corp boosted its holdings in Honeywell International Inc. (NYSE:HON) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,711 shares of the conglomerate’s stock after purchasing an additional 1,249 shares during the quarter. Heritage Investors Management Corp’s holdings in Honeywell International were worth $9,078,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Morse Asset Management Inc boosted its position in shares of Honeywell International by 4.1% in the third quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock worth $1,577,000 after buying an additional 375 shares during the period. Synovus Financial Corp boosted its position in shares of Honeywell International by 1.9% in the third quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock worth $17,476,000 after buying an additional 1,933 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Honeywell International in the third quarter worth about $8,020,000. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Honeywell International by 2.6% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,750 shares of the conglomerate’s stock worth $892,000 after buying an additional 174 shares during the period. Finally, Barings LLC boosted its position in shares of Honeywell International by 9.9% in the third quarter. Barings LLC now owns 77,426 shares of the conglomerate’s stock worth $12,884,000 after buying an additional 6,965 shares during the period. Hedge funds and other institutional investors own 71.06% of the company’s stock.
In related news, Director D Scott Davis sold 3,963 shares of the stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the completion of the transaction, the director now owns 25,764 shares of the company’s stock, valued at $3,841,670.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total value of $1,944,742.00. Following the completion of the transaction, the director now directly owns 13,607 shares of the company’s stock, valued at approximately $1,974,783.91. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock valued at $6,597,099 in the last three months. 1.33% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on HON. Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. Deutsche Bank upped their target price on Honeywell International to $160.00 and gave the stock a “buy” rating in a research report on Monday. Credit Suisse Group decreased their target price on Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Citigroup set a $186.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $168.88.
Shares of HON opened at $148.69 on Wednesday. The stock has a market capitalization of $110.07 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.95 and a beta of 1.08. Honeywell International Inc. has a one year low of $123.48 and a one year high of $167.72. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. Honeywell International’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 earnings per share. On average, research analysts anticipate that Honeywell International Inc. will post 7.93 EPS for the current year.
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Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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