Forsta AP Fonden lowered its holdings in Honeywell International Inc. (NYSE:HON) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 225,599 shares of the conglomerate’s stock after selling 20,523 shares during the period. Honeywell International comprises about 1.1% of Forsta AP Fonden’s investment portfolio, making the stock its 26th biggest holding. Forsta AP Fonden’s holdings in Honeywell International were worth $31,976,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. GWM Advisors LLC increased its stake in shares of Honeywell International by 16.7% in the first quarter. GWM Advisors LLC now owns 5,173 shares of the conglomerate’s stock valued at $638,000 after purchasing an additional 741 shares during the period. Evermay Wealth Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $210,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Honeywell International by 8.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 79,617 shares of the conglomerate’s stock valued at $9,942,000 after purchasing an additional 6,129 shares during the period. Chesapeake Asset Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $887,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $10,698,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (HON) opened at $153.36 on Monday. Honeywell International Inc. has a 12 month low of $115.42 and a 12 month high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $116,064.38, a P/E ratio of 23.24, a P/E/G ratio of 2.55 and a beta of 0.99.
Honeywell International declared that its board has initiated a stock buyback program on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
HON has been the topic of several analyst reports. Deutsche Bank restated a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank of Canada raised their price target on shares of 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 restated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Thursday, September 21st. Finally, Citigroup set a $180.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average target price of $160.50.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred 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 transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International 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 completion of the transaction, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 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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