Capital Insight Partners LLC boosted its position in Honeywell International Inc. (NYSE:HON) by 63.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,692 shares of the conglomerate’s stock after buying an additional 10,730 shares during the period. Honeywell International makes up about 1.3% of Capital Insight Partners LLC’s holdings, making the stock its 16th biggest position. Capital Insight Partners LLC’s holdings in Honeywell International were worth $4,004,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HON. Capital World Investors grew its stake in Honeywell International by 58.3% in the 4th quarter. Capital World Investors now owns 19,100,608 shares of the conglomerate’s stock valued at $3,380,808,000 after acquiring an additional 7,032,228 shares during the last quarter. Franklin Resources Inc. increased its position in Honeywell International by 45.8% during the first quarter. Franklin Resources Inc. now owns 9,816,298 shares of the conglomerate’s stock worth $1,313,305,000 after purchasing an additional 3,085,548 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Honeywell International by 11.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 25,221,633 shares of the conglomerate’s stock worth $3,374,402,000 after buying an additional 2,587,342 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Honeywell International by 53.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,805,579 shares of the conglomerate’s stock worth $776,728,000 after buying an additional 2,019,323 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Honeywell International by 34.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,862,901 shares of the conglomerate’s stock worth $516,818,000 after purchasing an additional 986,782 shares during the last quarter. 76.31% of the stock is owned by institutional investors and hedge funds.
HON has been the subject of several analyst reports. Deutsche Bank downgraded Honeywell International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $165.00 to $149.00 in a research report on Monday, May 4th. William Blair restated a “market perform” rating on shares of Honeywell International in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Credit Suisse Group upped their price objective on Honeywell International from $148.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Daiwa Capital Markets upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 price target on the stock in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $157.06.
Honeywell International stock opened at $148.11 on Wednesday. The firm’s fifty day moving average price is $146.58 and its 200-day moving average price is $152.97. Honeywell International Inc. has a fifty-two week low of $101.08 and a fifty-two week high of $184.06. The stock has a market cap of $99.98 billion, a P/E ratio of 17.02, a PEG ratio of 2.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.30.
Honeywell International (NYSE:HON) last released its earnings results on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.25. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same quarter last year, the firm earned $1.92 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 6.93 earnings per share for the current year.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
Featured Article: How to Invest in an Index Fund
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.