Wellington Shields & Co. LLC Has $2.89 Million Stake in Honeywell International Inc. (HON)

Wellington Shields & Co. LLC reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 6.8% in the third quarter, Holdings Channel reports. The institutional investor owned 20,399 shares of the conglomerate’s stock after selling 1,500 shares during the period. Honeywell International makes up 1.0% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 15th largest holding. Wellington Shields & Co. LLC’s holdings in Honeywell International were worth $2,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Honeywell International by 2.5% during 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 in the last quarter. BlackRock Inc. lifted its position in shares of Honeywell International by 2.8% during 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 in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Honeywell International by 38.9% during 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 in the last quarter. FMR LLC lifted its position in shares of Honeywell International by 9.3% during the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Honeywell International by 9.1% during the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares in the last quarter. Hedge funds and other institutional investors own 76.30% of the company’s stock.

A number of research analysts recently weighed in on the stock. Citigroup set a $180.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus dropped their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Oppenheimer raised their price target on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Jefferies Group raised their price target on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada raised their price target on shares of Honeywell International to $163.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $160.14.

Shares of Honeywell International Inc. (HON) opened at $157.09 on Thursday. The company has a market cap of $118,890.00, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. Honeywell International Inc. has a 12-month low of $116.66 and a 12-month high of $157.12.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International declared that its board has authorized a stock repurchase program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

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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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