Bank of Hawaii trimmed its holdings in Honeywell International Inc. (NYSE:HON) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,969 shares of the conglomerate’s stock after selling 1,481 shares during the quarter. Honeywell International accounts for 0.8% of Bank of Hawaii’s portfolio, making the stock its 27th largest holding. Bank of Hawaii owned approximately 8,659.39% of Honeywell International worth $9,350,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Burt Wealth Advisors lifted its position in Honeywell International by 65.4% in the second 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 lifted its position in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the period. Mosaic Family Wealth LLC lifted its position in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the period. CKW Financial Group bought a new position in Honeywell International in the second quarter worth $108,000. Finally, First Personal Financial Services lifted its position in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after purchasing an additional 185 shares during the period. 76.36% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup raised their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Oppenheimer raised their target price on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a research report on Friday. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $163.93.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s 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 transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
Shares of Honeywell International Inc. (NYSE HON) traded up $3.15 during trading on Friday, reaching $164.99. The company had a trading volume of 4,940,521 shares, compared to its average volume of 3,300,000. Honeywell International Inc. has a 1-year low of $117.12 and a 1-year high of $165.10. The firm has a market cap of $124,870.00, a price-to-earnings ratio of 79.32, a PEG ratio of 2.46 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 (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm earned $1.74 EPS. Honeywell International’s revenue for the quarter was up 8.6% compared to the same quarter last year. analysts anticipate that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International declared that its board has authorized a stock 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 generally a sign that the company’s leadership believes its shares are undervalued.
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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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