Carnick & Kubik Group LLC lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,932 shares of the conglomerate’s stock after selling 2,295 shares during the period. Carnick & Kubik Group LLC’s holdings in Honeywell International were worth $983,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of HON. Hanson McClain Inc. grew its position in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. Burt Wealth Advisors grew its position in Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Guidant Wealth Advisors grew its position in Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the period. Mosaic Family Wealth LLC grew its position in Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the period. Finally, CKW Financial Group acquired a new stake in Honeywell International during the 2nd quarter worth about $108,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.
Several equities research analysts have weighed in on the company. Cowen reaffirmed a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup raised their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Oppenheimer raised their target price on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $160.14.
Honeywell International Inc. (NYSE HON) traded up $1.15 during mid-day trading on Friday, hitting $159.07. 2,340,000 shares of the stock traded hands, compared to its average volume of 3,180,000. The stock has a market cap of $120,390.00, a price-to-earnings ratio of 24.10, a PEG ratio of 2.37 and a beta of 0.99. 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 Inc. has a 1 year low of $116.66 and a 1 year high of $159.49.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. sell-side analysts forecast that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International declared that its board has approved 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by 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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