Weatherly Asset Management L. P. Has $1.13 Million Holdings in Honeywell International Inc. (HON)

Weatherly Asset Management L. P. raised its stake in Honeywell International Inc. (NYSE:HON) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,981 shares of the conglomerate’s stock after buying an additional 1,728 shares during the period. Weatherly Asset Management L. P.’s holdings in Honeywell International were worth $1,131,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HON. Burt Wealth Advisors boosted its stake in shares of Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares in the last quarter. Guidant Wealth Advisors boosted its stake in shares of Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. CKW Financial Group purchased a new stake in shares of Honeywell International in the 2nd quarter valued at $108,000. Finally, Hanson McClain Inc. boosted its stake in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares in the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (HON) opened at $157.92 on Friday. Honeywell International Inc. has a 12-month low of $116.66 and a 12-month high of $158.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market cap of $119,520.00, a PE ratio of 23.93, a PEG ratio of 2.37 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the company posted $1.60 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts predict that Honeywell International Inc. will post 7.1 earnings per share for the current year.

Honeywell International declared that its Board of Directors has initiated a stock buyback program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently issued reports on HON. Royal Bank of Canada cut shares of Honeywell International from an “outperform” rating to a “sector perform” rating and cut their price objective 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. Argus increased their price target on shares of Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Jefferies Group increased their price target on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Oppenheimer increased their price target on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus dropped their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report 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.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

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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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