Advisor Group Inc. increased its stake in shares of Honeywell (NYSE:HON) by 21.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,780 shares of the conglomerate’s stock after acquiring an additional 15,295 shares during the period. Advisor Group Inc.’s holdings in Honeywell were worth $13,467,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Welch Group LLC bought a new stake in Honeywell during the fourth quarter worth about $100,000. Taylor Hoffman Wealth Management bought a new stake in Honeywell during the fourth quarter worth about $113,000. Mascoma Wealth Management LLC raised its holdings in Honeywell by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after acquiring an additional 428 shares in the last quarter. Invictus RG bought a new stake in Honeywell during the third quarter worth about $117,000. Finally, Trustcore Financial Services LLC bought a new stake in Honeywell during the fourth quarter worth about $142,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 target price on shares of Honeywell in a report on Friday, February 16th. Barclays started coverage on Honeywell in a report on Thursday, February 15th. They set an “overweight” rating and a $170.00 target price on the stock. ValuEngine upgraded Honeywell from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, TheStreet lowered Honeywell from an “a+” rating to a “c+” rating in a research note 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 presently has a consensus rating of “Buy” and an average price target of $166.07.
Honeywell (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 earnings per share. equities research analysts predict that Honeywell will post 7.97 EPS for the current fiscal year.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now 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 currently owned by company insiders.
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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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