Douglas Lane & Associates LLC cut its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,297 shares of the conglomerate’s stock after selling 5,424 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Honeywell International were worth $35,902,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Honeywell International by 2.5% during 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 during the last quarter. BlackRock Inc. grew its position in Honeywell International by 2.8% during 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 during the last quarter. Ameriprise Financial Inc. grew its position in Honeywell International by 38.9% during 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 during the last quarter. FMR LLC grew 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 worth $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. grew 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 worth $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on HON shares. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Thursday, September 21st. Citigroup lifted their price target 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. Robert W. Baird reiterated a “buy” rating and issued a $156.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Deutsche Bank reissued a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research report on Thursday, September 21st. Finally, Jefferies Group reissued a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $160.14.
Honeywell International Inc. (NYSE HON) traded up $1.15 during trading on Friday, hitting $159.07. The company’s stock had a trading volume of 2,343,709 shares, compared to its average volume of 3,180,000. The company has a market cap of $120,390.00, a P/E ratio of 24.10, a P/E/G 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 announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the company posted $1.60 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. equities research analysts forecast that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International announced that its board has authorized a stock buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, Director Bradley T. Sheares sold 1,328 shares of the company’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 transaction of $194,432.48. Following the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction 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 sale, the vice president now owns 104,998 shares in the company, 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.
About Honeywell International
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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