Teachers Advisors LLC cut its position in Honeywell (NYSE:HON) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,810,001 shares of the conglomerate’s stock after selling 11,268 shares during the quarter. Teachers Advisors LLC owned about 0.24% of Honeywell worth $277,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Janus Henderson Group PLC raised its position in shares of Honeywell by 4,986.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after buying an additional 4,308,688 shares in the last quarter. BlackRock Inc. raised its position in shares of Honeywell by 5.8% during the 4th quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock valued at $7,296,103,000 after buying an additional 2,627,000 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Honeywell by 69.6% during the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after buying an additional 1,373,600 shares in the last quarter. Stifel Financial Corp raised its position in shares of Honeywell by 3,381.1% during the 3rd quarter. Stifel Financial Corp now owns 924,574 shares of the conglomerate’s stock valued at $131,031,000 after buying an additional 898,014 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of Honeywell by 110.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,530,951 shares of the conglomerate’s stock valued at $234,785,000 after buying an additional 802,574 shares in the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.
Several equities analysts recently commented on HON shares. Argus increased their target price on shares of Honeywell from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Royal Bank of Canada lowered shares of Honeywell from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $163.00 to $158.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Cowen reaffirmed a “buy” rating and set a $168.00 target price on shares of Honeywell in a report on Monday, January 22nd. UBS started coverage on shares of Honeywell in a report on Monday, January 22nd. They set a “buy” rating on the stock. Finally, Bank of America increased their target price on shares of Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $166.07.
In other Honeywell news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were 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 of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s 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 completion of the sale, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
Shares of Honeywell stock opened at $149.37 on Thursday. The firm has a market capitalization of $110,356.29, a price-to-earnings ratio of 21.01, a PEG ratio of 2.01 and a beta of 0.97. Honeywell has a 12-month low of $122.64 and a 12-month high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
Honeywell (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell had a net margin of 4.08% and a return on equity of 27.27%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. research analysts expect that Honeywell will post 7.97 earnings per share for the current fiscal year.
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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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