Honeywell International Inc. (HON) Shares Bought by CI Investments Inc.

CI Investments Inc. grew its stake in Honeywell International Inc. (NYSE:HON) by 0.9% during the third quarter, HoldingsChannel reports. The fund owned 447,250 shares of the conglomerate’s stock after purchasing an additional 4,000 shares during the quarter. CI Investments Inc.’s holdings in Honeywell International were worth $63,393,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. New York State Common Retirement Fund boosted its stake in shares of Honeywell International by 2.0% during the third quarter. New York State Common Retirement Fund now owns 2,162,846 shares of the conglomerate’s stock valued at $306,562,000 after purchasing an additional 42,446 shares in the last quarter. BTC Capital Management Inc. boosted its stake in shares of Honeywell International by 8.3% during the third quarter. BTC Capital Management Inc. now owns 66,013 shares of the conglomerate’s stock valued at $9,365,000 after purchasing an additional 5,059 shares in the last quarter. Jarislowsky Fraser Ltd boosted its stake in shares of Honeywell International by 53.1% during the third quarter. Jarislowsky Fraser Ltd now owns 14,703 shares of the conglomerate’s stock valued at $2,084,000 after purchasing an additional 5,101 shares in the last quarter. Intrust Bank NA boosted its stake in shares of Honeywell International by 8.1% during the third quarter. Intrust Bank NA now owns 11,437 shares of the conglomerate’s stock valued at $1,622,000 after purchasing an additional 858 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Honeywell International by 238.5% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 153,080 shares of the conglomerate’s stock valued at $21,587,000 after purchasing an additional 107,851 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

HON has been the topic of a number of recent research reports. Deutsche Bank reiterated a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank of Canada increased their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Jefferies Group reiterated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Thursday, September 21st. Finally, Citigroup set a $180.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note 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’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $160.14.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were 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 owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at $156.01 on Wednesday. Honeywell International Inc. has a 52-week low of $116.66 and a 52-week high of $156.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The company has a market cap of $118,070.00, a P/E ratio of 23.64, a P/E/G ratio of 2.37 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. Honeywell International’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts forecast 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 repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is 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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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