Swiss National Bank Has $378.43 Million Position in Honeywell International Inc. (HON)

Swiss National Bank increased its position in Honeywell International Inc. (NYSE:HON) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,669,873 shares of the conglomerate’s stock after acquiring an additional 27,800 shares during the period. Swiss National Bank owned approximately 350,459.82% of Honeywell International worth $378,428,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its position in shares of Honeywell International by 12.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after purchasing an additional 124 shares in the last quarter. Stockman Wealth Management Inc. boosted its position in shares of Honeywell International by 4.1% during the 1st quarter. Stockman Wealth Management Inc. now owns 21,568 shares of the conglomerate’s stock valued at $2,693,000 after purchasing an additional 843 shares in the last quarter. Signaturefd LLC boosted its position in shares of Honeywell International by 6.9% during the 1st quarter. Signaturefd LLC now owns 4,160 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 268 shares in the last quarter. Soros Fund Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $275,000. Finally, Gotham Asset Management LLC boosted its position in shares of Honeywell International by 66.4% during the 1st quarter. Gotham Asset Management LLC now owns 420,699 shares of the conglomerate’s stock valued at $52,533,000 after purchasing an additional 167,910 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Inc. (NYSE HON) opened at $155.58 on Friday. Honeywell International Inc. has a fifty-two week low of $116.22 and a fifty-two week high of $156.70. The company has a market cap of $117,740.00, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the company posted $1.60 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts predict that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International announced that its board has initiated a share repurchase program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

HON has been the subject of several research reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Thursday, September 21st. Citigroup raised their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Robert W. Baird restated a “buy” rating and set a $156.00 price objective (up previously from $140.00) on shares of Honeywell International in a research report on Wednesday, October 11th. Deutsche Bank restated 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 restated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $160.14.

In other news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.

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Honeywell International 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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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