MainStreet Investment Advisors LLC Invests $8.60 Million in Honeywell (HON)

MainStreet Investment Advisors LLC bought a new position in shares of Honeywell (NYSE:HON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 56,086 shares of the conglomerate’s stock, valued at approximately $8,601,000. Honeywell makes up 1.3% of MainStreet Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board grew its holdings in Honeywell by 31.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 91,728 shares of the conglomerate’s stock valued at $12,226,000 after buying an additional 22,044 shares in the last quarter. Global Financial Private Capital LLC grew its holdings in Honeywell by 8.0% during the 2nd quarter. Global Financial Private Capital LLC now owns 12,192 shares of the conglomerate’s stock valued at $1,625,000 after buying an additional 904 shares in the last quarter. Sun Life Financial INC grew its holdings in Honeywell by 29,903.9% during the 2nd quarter. Sun Life Financial INC now owns 15,302 shares of the conglomerate’s stock valued at $2,043,000 after buying an additional 15,251 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in Honeywell by 0.4% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after buying an additional 31 shares in the last quarter. Finally, L & S Advisors Inc grew its holdings in Honeywell by 2.1% during the 2nd quarter. L & S Advisors Inc now owns 53,599 shares of the conglomerate’s stock valued at $7,144,000 after buying an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

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In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

NYSE:HON opened at $150.57 on Monday. Honeywell has a 1 year low of $126.10 and a 1 year high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. The company has a market capitalization of $113,228.95, a PE ratio of 21.18, a P/E/G ratio of 2.06 and a beta of 0.97.

Honeywell (NYSE:HON) last issued its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.06. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. During the same period last year, the company earned $1.71 EPS. Honeywell’s quarterly revenue was up 9.5% compared to the same quarter last year. research analysts expect that Honeywell will post 7.97 EPS for the current fiscal year.

Several equities analysts have weighed in on HON shares. Stifel Nicolaus restated a “buy” rating and set a $165.00 price target on shares of Honeywell in a report on Friday, February 16th. Zacks Investment Research cut Honeywell from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Bank of America raised their price target on Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. UBS initiated coverage on Honeywell in a research note on Monday, January 22nd. They issued a “buy” rating for the company. Finally, ValuEngine raised Honeywell from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell has a consensus rating of “Buy” and a consensus price target of $166.07.

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About Honeywell

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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