Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,070,681 shares of the conglomerate’s stock after selling 8,079 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Honeywell International were worth $293,498,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Addison Capital Co lifted its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares during the last quarter. Rowland & Co. Investment Counsel ADV lifted its holdings in shares of Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares during the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of Honeywell International by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock valued at $622,000 after purchasing an additional 21 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on HON. Jefferies Group reiterated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. Royal Bank of Canada lowered Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $163.00 to $158.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Argus increased their price objective on Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Robert W. Baird restated a “buy” rating and issued a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Honeywell International has an average rating of “Buy” and an average target price of $160.14.
Honeywell International Inc. (NYSE:HON) opened at $159.07 on Friday. The firm has a market capitalization of $120,390.00, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. Honeywell International Inc. has a 52 week low of $116.66 and a 52 week high of $159.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during 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 company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.60 EPS. equities research analysts expect that Honeywell International Inc. will post 7.1 earnings per share for the current fiscal year.
Honeywell International declared that its board has authorized a share buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board 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.
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