Independent Investors Inc. lowered its stake in Honeywell International Inc. (NYSE:HON) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,875 shares of the conglomerate’s stock after selling 500 shares during the period. Honeywell International makes up approximately 2.7% of Independent Investors Inc.’s portfolio, making the stock its 8th biggest holding. Independent Investors Inc.’s holdings in Honeywell International were worth $6,193,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Bainco International Investors increased its holdings in shares of Honeywell International by 1.0% in the second quarter. Bainco International Investors now owns 94,415 shares of the conglomerate’s stock worth $13,600,000 after buying an additional 906 shares during the period. United Bank increased its holdings in shares of Honeywell International by 13.8% in the second quarter. United Bank now owns 4,703 shares of the conglomerate’s stock worth $677,000 after buying an additional 569 shares during the period. Laurion Capital Management LP increased its holdings in shares of Honeywell International by 105.6% in the second quarter. Laurion Capital Management LP now owns 1,759 shares of the conglomerate’s stock worth $253,000 after buying an additional 33,229 shares during the period. Arrowgrass Capital Partners US LP increased its holdings in shares of Honeywell International by 100.0% in the second quarter. Arrowgrass Capital Partners US LP now owns 70,000 shares of the conglomerate’s stock worth $10,084,000 after buying an additional 35,000 shares during the period. Finally, Aristotle Atlantic Partners LLC increased its holdings in shares of Honeywell International by 82.7% in the second quarter. Aristotle Atlantic Partners LLC now owns 5,973 shares of the conglomerate’s stock worth $860,000 after buying an additional 2,704 shares during the period. Hedge funds and other institutional investors own 71.08% of the company’s stock.
HON has been the topic of a number of analyst reports. Zacks Investment Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. UBS Group reissued a “top pick” rating on shares of Honeywell International in a research report on Thursday. CIBC reissued a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target on the stock in a research report on Thursday, January 3rd. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average price target of $170.34.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the business earned $1.75 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 7.99 earnings per share for the current fiscal year.
In other Honeywell International news, VP Krishna Mikkilineni sold 28,281 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the completion of the sale, the vice president now directly owns 91,829 shares in the company, valued at approximately $13,187,562.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the sale, the director now owns 13,607 shares of the company’s stock, valued at $1,974,783.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,644 shares of company stock valued at $6,597,099. 1.33% of the stock is owned by company insiders.
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Honeywell International Company Profile
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.
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