BB&T Corp Lowers Position in Honeywell International Inc. (NYSE:HON)

BB&T Corp lessened its position in shares of Honeywell International Inc. (NYSE:HON) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,705 shares of the conglomerate’s stock after selling 4,510 shares during the period. BB&T Corp’s holdings in Honeywell International were worth $32,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hanson McClain Inc. boosted its holdings in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Burt Wealth Advisors boosted its holdings in shares of Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares in the last quarter. Guidant Wealth Advisors boosted its holdings in shares of Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares in the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares in the last quarter. Finally, CKW Financial Group acquired a new position in shares of Honeywell International in the 2nd quarter valued at $108,000. Institutional investors own 76.30% of the company’s stock.

Several research analysts have recently issued reports on HON shares. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Thursday, September 21st. Citigroup upped their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Robert W. Baird restated a “buy” rating and issued a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Deutsche Bank restated a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. Finally, Jefferies Group reiterated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average target price of $160.14.

Honeywell International Inc. (NYSE HON) traded up $1.15 during mid-day trading on Friday, reaching $159.07. 2,340,000 shares of the company traded hands, compared to its average volume of 3,180,000. Honeywell International Inc. has a 1 year low of $116.66 and a 1 year high of $159.49. The stock has a market cap of $120,390.00, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting 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%. Honeywell International’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 EPS. research analysts anticipate that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International declared that its Board of Directors has approved a share buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction 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 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 currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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