Cambridge Investment Research Advisors Inc. increased its holdings in Honeywell International Inc. (NYSE:HON) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,375 shares of the conglomerate’s stock after purchasing an additional 2,679 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Honeywell International were worth $11,818,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Concentric Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter worth approximately $201,000. Kwmg LLC purchased a new position in Honeywell International during the third quarter valued at approximately $552,000. Mascoma Wealth Management LLC grew its position in Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Honeywell International by 4.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 176,777 shares of the conglomerate’s stock valued at $25,056,000 after purchasing an additional 7,911 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Honeywell International by 2.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 222,791 shares of the conglomerate’s stock valued at $31,111,000 after purchasing an additional 4,959 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at $159.07 on Friday. 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 $120,390.00, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. Honeywell International Inc. has a 1 year low of $116.66 and a 1 year high of $159.49.
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 company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International announced that its Board of Directors has authorized a share buyback program on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In other news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction 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 sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on 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 owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.
A number of brokerages recently commented on HON. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus lowered their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Oppenheimer boosted their price objective 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. Jefferies Group boosted their price objective 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. Finally, Royal Bank of Canada boosted their price objective on shares of Honeywell International to $163.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target 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.
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