QS Investors LLC Has $13.94 Million Position in Honeywell (HON)

QS Investors LLC trimmed its stake in shares of Honeywell (NYSE:HON) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,871 shares of the conglomerate’s stock after selling 5,974 shares during the period. QS Investors LLC’s holdings in Honeywell were worth $13,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HON. Rowland & Co. Investment Counsel ADV grew its holdings in Honeywell by 0.4% in the second 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. Meridian Investment Counsel Inc. grew its holdings in Honeywell by 0.4% in the second quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after purchasing an additional 31 shares during the period. Laurel Wealth Advisors Inc. grew its holdings in Honeywell by 4.8% in the second quarter. Laurel Wealth Advisors Inc. now owns 1,889 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 86 shares during the period. Keel Point LLC grew its holdings in Honeywell by 3.0% in the second quarter. Keel Point LLC now owns 3,591 shares of the conglomerate’s stock valued at $479,000 after purchasing an additional 104 shares during the period. Finally, Sii Investments Inc. WI grew its holdings in Honeywell by 1.9% in the second quarter. Sii Investments Inc. WI now owns 6,486 shares of the conglomerate’s stock valued at $862,000 after purchasing an additional 119 shares during the period. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction that occurred 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 transaction, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Several analysts have commented on HON shares. Stifel Nicolaus reissued a “buy” rating and issued a $165.00 price objective on shares of Honeywell in a report on Friday, February 16th. Zacks Investment Research lowered Honeywell from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Bank of America raised their price objective on Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. UBS started coverage on Honeywell in a report on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, ValuEngine raised Honeywell from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $166.07.

NYSE HON opened at $146.75 on Tuesday. The company has a market capitalization of $109,882.52, a PE ratio of 20.64, a PEG ratio of 2.00 and a beta of 0.97. Honeywell has a 1-year low of $122.40 and a 1-year high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Honeywell (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 earnings per share. research analysts predict that Honeywell will post 7.97 earnings per share for the current fiscal year.

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About Honeywell

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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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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