Cambridge Trust Co. Purchases 2,209 Shares of Honeywell International Inc. (HON)

Cambridge Trust Co. lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,890 shares of the conglomerate’s stock after buying an additional 2,209 shares during the quarter. Honeywell International makes up about 2.0% of Cambridge Trust Co.’s holdings, making the stock its 11th largest position. Cambridge Trust Co.’s holdings in Honeywell International were worth $29,184,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Guidant Wealth Advisors boosted its holdings in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the period. Mosaic Family Wealth LLC boosted its holdings in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares during the period. CKW Financial Group purchased a new position in Honeywell International in the 2nd quarter worth approximately $108,000. Finally, First Personal Financial Services boosted its holdings in Honeywell International by 25.4% in the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after acquiring an additional 185 shares during the period. 76.30% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Inc. (NYSE HON) opened at $157.09 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. Honeywell International Inc. has a 1 year low of $116.66 and a 1 year high of $157.12. The firm has a market capitalization of $118,890.00, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.37 and a beta of 0.99.

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

Honeywell International declared that its Board of Directors has authorized a share buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated 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 approximately $15,237,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’s 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 transaction, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the company. Cowen reiterated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research note on Thursday, October 19th. Jefferies Group increased their target price on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Argus upped their price target on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Stifel Nicolaus dropped their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $160.14.

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Honeywell International Company 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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