Whittier Trust Co. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,270 shares of the conglomerate’s stock after acquiring an additional 1,381 shares during the quarter. Honeywell International makes up 0.9% of Whittier Trust Co.’s investment portfolio, making the stock its 25th largest position. Whittier Trust Co.’s holdings in Honeywell International were worth $25,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of HON. Vanguard Group Inc. raised its stake in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. BlackRock Inc. raised its stake in shares of Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. FMR LLC raised its stake in shares of Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. Hedge funds and other institutional investors own 76.30% of the company’s stock.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was 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 owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
A number of analysts recently commented on the company. Jefferies Group reiterated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research report on Thursday, September 28th. Royal Bank of Canada cut Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Argus upped their price objective on Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Robert W. Baird reiterated a “buy” rating and set a $156.00 price objective (up previously from $140.00) on shares of Honeywell International in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus cut their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $160.14.
Honeywell International Inc. (NYSE HON) traded up $1.15 during trading hours on Friday, hitting $159.07. The company had a trading volume of 2,340,000 shares, compared to its average volume of 3,180,000. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $120,390.00, a P/E ratio of 24.10, a P/E/G ratio of 2.41 and a beta of 0.99. Honeywell International Inc. has a 12 month low of $116.66 and a 12 month 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 analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 earnings per share. equities research analysts predict that Honeywell International Inc. will post 7.1 earnings per share for the current year.
Honeywell International announced that its Board of Directors has authorized a stock repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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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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