Strategy Asset Managers LLC Cuts Holdings in Honeywell International Inc. (HON)

Strategy Asset Managers LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 78,095 shares of the conglomerate’s stock after selling 1,752 shares during the period. Honeywell International makes up approximately 2.3% of Strategy Asset Managers LLC’s holdings, making the stock its 16th largest holding. Strategy Asset Managers LLC’s holdings in Honeywell International were worth $11,069,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Schulhoff & Co. Inc. boosted its position in Honeywell International by 1.8% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after acquiring an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after acquiring an additional 11,091 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Honeywell International by 30.7% during the 2nd quarter. YHB Investment Advisors Inc. now owns 25,186 shares of the conglomerate’s stock valued at $3,357,000 after acquiring an additional 5,913 shares in the last quarter. AGF Investments America Inc. boosted its position in Honeywell International by 3.6% during the 2nd quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock valued at $6,358,000 after acquiring an additional 1,668 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after acquiring an additional 1,207,893 shares in the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Bradley T. Sheares sold 1,328 shares of the business’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 completion of the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’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 completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.

HON has been the topic of several research reports. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Cowen reiterated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a report on Thursday, October 19th. Argus lifted their target price on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and set a $156.00 target price (up from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Finally, Citigroup lifted 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. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $160.14.

Honeywell International Inc. (NYSE HON) opened at $156.01 on Wednesday. Honeywell International Inc. has a 1-year low of $116.66 and a 1-year high of $156.77. The stock has a market cap of $118,070.00, a P/E ratio of 23.64, a PEG ratio of 2.37 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.

Honeywell International (NYSE:HON) last released its 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. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. sell-side analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.

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

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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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