Pacific Global Investment Management CO decreased its position in Honeywell International Inc. (NYSE:HON) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,444 shares of the conglomerate’s stock after selling 171 shares during the period. Pacific Global Investment Management CO’s holdings in Honeywell International were worth $2,716,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in Honeywell International by 63.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 638,139 shares of the conglomerate’s stock worth $73,928,000 after buying an additional 248,347 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in Honeywell International by 2.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 12,852 shares of the conglomerate’s stock worth $1,489,000 after buying an additional 357 shares in the last quarter. Bienville Capital Management LLC purchased a new stake in Honeywell International during the fourth quarter worth $269,000. SRS Capital Advisors Inc. purchased a new stake in Honeywell International during the fourth quarter worth $114,000. Finally, Quest Investment Management Inc. OR raised its stake in Honeywell International by 8.0% in the fourth quarter. Quest Investment Management Inc. OR now owns 139,238 shares of the conglomerate’s stock worth $16,131,000 after buying an additional 10,331 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 2.67% during midday trading on Friday, hitting $127.08. 6,281,568 shares of the company traded hands. The stock has a market capitalization of $96.73 billion, a P/E ratio of 20.50 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $128.30. The company has a 50-day moving average price of $125.11 and a 200-day moving average price of $117.96.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.04. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the prior year, the company posted $1.56 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Honeywell International Inc. will post $7.04 earnings per share for the current fiscal year.
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Several analysts have commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $144.00 price objective on shares of Honeywell International in a report on Tuesday, April 11th. Zacks Investment Research lowered shares of Honeywell International from a “hold” rating to a “sell” rating in a report on Wednesday. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $148.00 price objective (up from $134.00) on shares of Honeywell International in a report on Friday, March 3rd. Credit Suisse Group AG restated a “hold” rating and issued a $115.00 price objective on shares of Honeywell International in a report on Tuesday, April 11th. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $126.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.68.
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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