Quantamental Technologies LLC bought a new position in Honeywell International Inc. (NYSE:HON) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,297 shares of the conglomerate’s stock, valued at approximately $303,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in Honeywell International by 1.5% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,737 shares of the conglomerate’s stock worth $626,000 after purchasing an additional 72 shares in the last quarter. Cooper Haims Advisors LLC grew its stake in Honeywell International by 3.4% in the fourth quarter. Cooper Haims Advisors LLC now owns 2,268 shares of the conglomerate’s stock worth $300,000 after purchasing an additional 75 shares in the last quarter. Lourd Capital LLC grew its stake in Honeywell International by 3.6% in the fourth quarter. Lourd Capital LLC now owns 2,173 shares of the conglomerate’s stock worth $287,000 after purchasing an additional 76 shares in the last quarter. Trust Co. of Toledo NA OH grew its stake in Honeywell International by 0.6% in the fourth quarter. Trust Co. of Toledo NA OH now owns 13,386 shares of the conglomerate’s stock worth $1,769,000 after purchasing an additional 76 shares in the last quarter. Finally, Wealth Architects LLC grew its stake in Honeywell International by 3.4% in the fourth quarter. Wealth Architects LLC now owns 2,360 shares of the conglomerate’s stock worth $312,000 after purchasing an additional 78 shares in the last quarter. 71.06% of the stock is currently owned by institutional investors and hedge funds.
HON has been the subject of a number of research reports. Citigroup set a $194.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Gordon Haskett initiated coverage on Honeywell International in a research note on Friday, October 12th. They issued a “buy” rating for the company. Credit Suisse Group initiated coverage on Honeywell International in a research note on Friday, October 12th. They issued a “neutral” rating and a $170.00 price target for the company. Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research note on Friday, October 19th. Finally, Royal Bank of Canada decreased their price target on Honeywell International to $156.00 and set a “positive” rating for the company in a research note on Monday, October 22nd. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average price target of $168.88.
Shares of NYSE HON opened at $148.69 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $167.72. The stock has a market capitalization of $110.07 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.95 and a beta of 1.08.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.72 billion. During the same quarter last year, the company posted $1.85 earnings per share. Honeywell International’s revenue was down 10.3% on a year-over-year basis. As a group, analysts anticipate that Honeywell International Inc. will post 7.93 EPS for the current fiscal year.
In other news, VP Krishna Mikkilineni sold 28,281 shares of Honeywell International stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the sale, the vice president now owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of Honeywell International stock in a transaction that occurred on 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 sale, the director now directly owns 13,607 shares in the company, valued at approximately $1,974,783.91. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock worth $6,597,099 in the last three months. 1.33% of the stock is currently owned by corporate insiders.
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Honeywell International 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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