Jennison Associates LLC Has $36.88 Million Holdings in Honeywell International Inc. (HON)

Jennison Associates LLC boosted its stake in Honeywell International Inc. (NYSE:HON) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,198 shares of the conglomerate’s stock after acquiring an additional 8,295 shares during the quarter. Jennison Associates LLC’s holdings in Honeywell International were worth $36,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Burt Wealth Advisors boosted its stake in shares of Honeywell International by 65.4% during 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 during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Honeywell International by 11.4% during 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 during the last quarter. Guidant Wealth Advisors boosted its stake in shares of Honeywell International by 15.8% during 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 during the last quarter. CKW Financial Group purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $108,000. Finally, First Personal Financial Services boosted its stake in shares of Honeywell International by 25.4% during the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Shares of Honeywell International Inc. (HON) opened at $155.58 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The stock has a market capitalization of $117,740.00, a P/E ratio of 23.57, a P/E/G ratio of 2.36 and a beta of 0.99. Honeywell International Inc. has a 52-week low of $116.51 and a 52-week high of $156.70.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. research analysts predict that Honeywell International Inc. will post 7.1 earnings per share for the current year.

Honeywell International announced that its board has initiated a stock buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several equities analysts have recently commented on the company. Citigroup set a $180.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus reduced their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Oppenheimer increased their target price on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Jefferies Group increased their target price on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada increased their target price on Honeywell International to $163.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average target price of $160.14.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

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

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