Independent Investors Inc. cut its stake in Honeywell International Inc. (NYSE:HON) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,875 shares of the conglomerate’s stock after selling 500 shares during the period. Honeywell International makes up about 2.7% of Independent Investors Inc.’s portfolio, making the stock its 8th biggest holding. Independent Investors Inc.’s holdings in Honeywell International were worth $6,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bainco International Investors grew its position in shares of Honeywell International by 1.0% in the 2nd quarter. Bainco International Investors now owns 94,415 shares of the conglomerate’s stock valued at $13,600,000 after buying an additional 906 shares during the last quarter. United Bank grew its position in shares of Honeywell International by 13.8% in the 2nd quarter. United Bank now owns 4,703 shares of the conglomerate’s stock valued at $677,000 after buying an additional 569 shares during the last quarter. Laurion Capital Management LP grew its position in shares of Honeywell International by 105.6% in the 2nd quarter. Laurion Capital Management LP now owns 1,759 shares of the conglomerate’s stock valued at $253,000 after buying an additional 33,229 shares during the last quarter. Arrowgrass Capital Partners US LP grew its position in shares of Honeywell International by 100.0% in the 2nd quarter. Arrowgrass Capital Partners US LP now owns 70,000 shares of the conglomerate’s stock valued at $10,084,000 after buying an additional 35,000 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC grew its position in shares of Honeywell International by 82.7% in the 2nd quarter. Aristotle Atlantic Partners LLC now owns 5,973 shares of the conglomerate’s stock valued at $860,000 after buying an additional 2,704 shares during the last quarter. 71.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International stock opened at $137.36 on Monday. Honeywell International Inc. has a one year low of $123.48 and a one year high of $167.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The stock has a market cap of $100.47 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 7.99 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. HSBC lowered Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research report on Tuesday, October 2nd. Oppenheimer upped their price target on Honeywell International from $172.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, September 26th. Deutsche Bank upped their price target on Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, September 28th. Citigroup set a $194.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 9th. Finally, Gordon Haskett assumed coverage on Honeywell International in a research report on Friday, October 12th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $170.34.
In related news, Director D Scott Davis sold 3,963 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total transaction of $590,922.93. Following the completion of the sale, the director now directly owns 25,764 shares of the company’s stock, valued at $3,841,670.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of the stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $143.61, for a total value of $4,061,434.41. Following the sale, the vice president now directly owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders have sold 45,644 shares of company stock valued at $6,597,099 over the last ninety days. 1.33% of the stock is currently owned by company insiders.
Honeywell International Company 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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