Shepherd Financial Partners LLC Buys Shares of 13,697 Honeywell (HON)

Shepherd Financial Partners LLC purchased a new stake in shares of Honeywell (NYSE:HON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,697 shares of the conglomerate’s stock, valued at approximately $2,100,000.

Other hedge funds also recently modified their holdings of the company. Saybrook Capital NC raised its position in Honeywell by 2.0% during the fourth quarter. Saybrook Capital NC now owns 59,445 shares of the conglomerate’s stock valued at $9,116,000 after acquiring an additional 1,140 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Honeywell by 2.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 228,491 shares of the conglomerate’s stock valued at $31,907,000 after purchasing an additional 5,700 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Honeywell by 1,849.7% in the 4th quarter. Wolverine Asset Management LLC now owns 384,140 shares of the conglomerate’s stock valued at $58,911,000 after purchasing an additional 364,437 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Honeywell by 3.2% in the 4th quarter. Clearbridge Investments LLC now owns 6,052,733 shares of the conglomerate’s stock valued at $928,247,000 after purchasing an additional 187,212 shares during the last quarter. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of Honeywell by 3.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 687,529 shares of the conglomerate’s stock valued at $105,440,000 after purchasing an additional 19,944 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors.

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In other Honeywell 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 completion of the sale, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Shares of NYSE HON opened at $146.75 on Tuesday. The stock has a market capitalization of $109,882.52, a P/E ratio of 20.64, a PEG ratio of 2.00 and a beta of 0.97. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. Honeywell has a 52-week low of $122.40 and a 52-week high of $165.13.

Honeywell (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. research analysts forecast that Honeywell will post 7.97 earnings per share for the current fiscal year.

Several brokerages have recently commented on HON. Zacks Investment Research raised Honeywell from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Tuesday, April 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 price target on shares of Honeywell in a research note on Friday, January 26th. Cowen reiterated a “buy” rating and issued a $168.00 price objective on shares of Honeywell in a report on Monday, January 22nd. Argus upped their price objective on Honeywell from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Finally, Royal Bank of Canada cut Honeywell from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $166.07.

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Honeywell 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.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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