Honeywell (HON) Stake Lowered by Stellar Capital Management LLC

Stellar Capital Management LLC decreased its stake in shares of Honeywell (NYSE:HON) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,345 shares of the conglomerate’s stock after selling 390 shares during the quarter. Stellar Capital Management LLC’s holdings in Honeywell were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HON. Ontario Teachers Pension Plan Board grew its position in Honeywell by 31.6% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 91,728 shares of the conglomerate’s stock valued at $12,226,000 after purchasing an additional 22,044 shares during the period. Global Financial Private Capital LLC grew its position in Honeywell by 8.0% in the 2nd quarter. Global Financial Private Capital LLC now owns 12,192 shares of the conglomerate’s stock valued at $1,625,000 after purchasing an additional 904 shares during the period. Sun Life Financial INC grew its position in Honeywell by 29,903.9% in the 2nd quarter. Sun Life Financial INC now owns 15,302 shares of the conglomerate’s stock valued at $2,043,000 after purchasing an additional 15,251 shares during the period. Meridian Investment Counsel Inc. grew its position in Honeywell by 0.4% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after purchasing an additional 31 shares during the period. Finally, L & S Advisors Inc grew its position in Honeywell by 2.1% in the 2nd quarter. L & S Advisors Inc now owns 53,599 shares of the conglomerate’s stock valued at $7,144,000 after purchasing an additional 1,102 shares during the period. 75.30% of the stock is owned by institutional investors.

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Several analysts recently issued reports on HON shares. Argus lifted their price target on shares of Honeywell from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Royal Bank of Canada downgraded shares of Honeywell from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Cowen reissued a “buy” rating and issued a $168.00 price target on shares of Honeywell in a research report on Monday, January 22nd. UBS started coverage on shares of Honeywell in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Bank of America lifted their price target on shares of Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell currently has an average rating of “Buy” and a consensus price target of $166.07.

In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Shares of NYSE:HON opened at $146.12 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Honeywell has a 1-year low of $122.40 and a 1-year high of $165.13. The firm has a market cap of $108,498.84, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.98 and a beta of 0.97.

Honeywell (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $1.74 EPS. The business’s revenue was up 8.6% on a year-over-year basis. sell-side analysts forecast that Honeywell will post 7.97 earnings per share for the current year.

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Honeywell 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.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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