Buffington Mohr McNeal lowered its stake in Honeywell International Inc. (NYSE:HON) by 55.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,109 shares of the conglomerate’s stock after selling 13,717 shares during the quarter. Buffington Mohr McNeal’s holdings in Honeywell International were worth $1,624,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HON. Janus Henderson Group PLC grew its position in shares of Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after purchasing an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. grew its position 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 valued at $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the last quarter. Vanguard Group Inc. grew its position 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 valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. Finally, BlackRock Inc. grew its position 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 valued at $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. Citigroup set a $180.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. 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 research note on Thursday, December 14th. Oppenheimer boosted their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Jefferies Group boosted their price target on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada boosted their price target on Honeywell International to $163.00 and gave the company an “outperform” rating in a research note 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 stock currently has an average rating of “Buy” and an average price target of $160.14.
Honeywell International Inc. (NYSE HON) opened at $159.07 on Friday. The stock has a market cap of $120,390.00, a price-to-earnings ratio of 24.10, a PEG ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. 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 quarterly earnings data 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 the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. research analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International declared that its board has initiated a share buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the 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 in the company, valued at approximately $15,237,309.76. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $194,432.48. Following the sale, 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. Corporate insiders own 1.56% of the company’s stock.
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Honeywell International 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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