ACG Wealth trimmed its holdings in Honeywell International Inc. (NYSE:HON) by 21.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 16,750 shares of the conglomerate’s stock after selling 4,531 shares during the period. ACG Wealth’s holdings in Honeywell International were worth $2,374,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of HON. Vanguard Group Inc. lifted its stake in Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after purchasing an additional 1,234,672 shares in the last quarter. BlackRock Inc. lifted its stake in Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares in the last quarter. FMR LLC lifted its stake in Honeywell International by 9.3% during the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Honeywell International by 9.1% during the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares in the last quarter. Institutional investors own 76.30% of the company’s stock.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction on 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 sale, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
Shares of Honeywell International Inc. (NYSE HON) opened at $159.07 on Friday. The stock has a market capitalization of $120,390.00, a price-to-earnings ratio of 24.10, a PEG ratio of 2.41 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 52 week low of $116.66 and a 52 week high of $159.49.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the firm earned $1.60 earnings per share. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. analysts anticipate that Honeywell International Inc. will post 7.1 EPS for the current year.
Honeywell International announced that its board has authorized a share buyback plan on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
HON has been the topic of a number of research reports. Deutsche Bank restated a “buy” rating and set a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank of Canada increased their price objective on 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 issued a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. Zacks Investment Research upgraded 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 Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $160.14.
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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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