Girard Partners LTD. boosted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,358 shares of the conglomerate’s stock after acquiring an additional 678 shares during the period. Honeywell International makes up approximately 1.2% of Girard Partners LTD.’s investment portfolio, making the stock its 26th largest holding. Girard Partners LTD.’s holdings in Honeywell International were worth $5,579,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Addison Capital Co raised its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares during the period. Hudock Capital Group LLC raised its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV raised its stake in shares of Honeywell International by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares during the period. Jacobi Capital Management LLC raised its stake in shares of Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares during the period. Finally, Oliver Luxxe Assets LLC raised its stake in shares of Honeywell International by 0.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock valued at $622,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.
Several research firms have issued reports on HON. Jefferies Group reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Robert W. Baird reissued a “buy” rating and issued a $156.00 price target (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Royal Bank of Canada downgraded Honeywell International from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Finally, Stifel Nicolaus dropped their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $160.14.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.75. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. research analysts expect that Honeywell International Inc. will post 7.1 EPS for the current year.
Honeywell International declared that its Board of Directors has authorized a share repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the business’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 transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly 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.
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.
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