Stratos Wealth Partners LTD. Lowers Stake in Honeywell International Inc. (HON)

Stratos Wealth Partners LTD. cut its holdings in Honeywell International Inc. (NYSE:HON) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,152 shares of the conglomerate’s stock after selling 484 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Honeywell International were worth $6,116,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HON. Janus Henderson Group PLC grew its position in shares of Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after purchasing an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 acquiring an additional 3,728,533 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Honeywell International by 13,551.7% during the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after acquiring an additional 1,791,394 shares during the last quarter. Vanguard Group Inc. boosted its position 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 acquiring an additional 1,234,672 shares during the last quarter. Finally, BlackRock Inc. boosted its position 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 acquiring an additional 1,207,893 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

In related news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction 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 in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

A number of brokerages recently issued reports on HON. Cowen restated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Thursday, October 19th. Jefferies Group raised their target price on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Argus raised their target price on shares of Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Stifel Nicolaus cut their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock 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. The company presently has an average rating of “Buy” and a consensus target price of $160.14.

Honeywell International Inc. (NYSE:HON) opened at $159.07 on Friday. Honeywell International Inc. has a one year low of $116.66 and a one year high of $159.49. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The company has a market cap of $120,390.00, a price-to-earnings ratio of 24.10, a PEG ratio of 2.37 and a beta of 0.99.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter last year, the firm posted $1.60 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts forecast 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 program on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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