Robinson Value Management Ltd. Has $757,000 Position in Honeywell International Inc. (HON)

Robinson Value Management Ltd. reduced its position in Honeywell International Inc. (NYSE:HON) by 13.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,340 shares of the conglomerate’s stock after selling 800 shares during the quarter. Robinson Value Management Ltd.’s holdings in Honeywell International were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in Honeywell International by 4,986.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after acquiring an additional 4,308,688 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Honeywell International by 38.9% in the 2nd 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 in the last quarter. Vanguard Group Inc. increased its holdings in Honeywell International by 2.5% in the 2nd 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 in the last quarter. BlackRock Inc. increased its holdings in Honeywell International by 2.8% in the 2nd 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 in the last quarter. Finally, Bain Capital Public Equity Management LLC purchased a new stake in Honeywell International in the 2nd quarter worth $151,186,000. Hedge funds and other institutional investors own 76.52% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at $151.19 on Thursday. Honeywell International Inc. has a 1-year low of $119.31 and a 1-year high of $165.13. The stock has a market cap of $114,581.09, a price-to-earnings ratio of 21.44, a PEG ratio of 2.14 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% on a year-over-year basis. equities research analysts forecast that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.

Honeywell International announced that its Board of Directors has initiated a share buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

HON has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price target on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Deutsche Bank reissued a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a report on Tuesday, November 28th. Bank of America boosted their price target on shares of Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. UBS Group initiated coverage on shares of Honeywell International in a report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Jefferies Group boosted their price target on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $163.93.

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Honeywell International Company 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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