Quadrant Capital Management LLC boosted its position in Honeywell International Inc. (NYSE:HON) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,890 shares of the conglomerate’s stock after acquiring an additional 975 shares during the quarter. Quadrant Capital Management LLC’s holdings in Honeywell International were worth $1,685,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HON. Burt Wealth Advisors raised its holdings in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares in the last quarter. Guidant Wealth Advisors raised its holdings in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. CKW Financial Group acquired a new stake in Honeywell International in the second quarter valued at approximately $108,000. Finally, Mascoma Wealth Management LLC raised its holdings in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 428 shares in the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) opened at $159.07 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 1-year low of $116.66 and a 1-year high of $159.49. The firm has a market cap of $120,385.77, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99.
Honeywell International declared that its Board of Directors has initiated a share repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
HON has been the topic of several analyst reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Thursday, September 21st. Citigroup raised their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $156.00 price objective (up previously from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Deutsche Bank reissued a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a report on Thursday, September 21st. Finally, Jefferies Group reissued a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average target price of $160.14.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s 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 transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’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 in the company, valued at $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
About Honeywell International
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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