Sit Investment Associates Inc. cut its position in Honeywell International Inc. (NYSE:HON) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,670 shares of the conglomerate’s stock after selling 60,000 shares during the quarter. Sit Investment Associates Inc.’s holdings in Honeywell International were worth $21,096,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First PREMIER Bank grew its stake in shares of Honeywell International by 59.2% in the fourth quarter. First PREMIER Bank now owns 1,697 shares of the conglomerate’s stock valued at $224,000 after buying an additional 631 shares in the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of Honeywell International by 103.1% in the fourth quarter. Kistler Tiffany Companies LLC now owns 1,426 shares of the conglomerate’s stock valued at $188,000 after buying an additional 724 shares in the last quarter. Waverton Investment Management Ltd grew its stake in shares of Honeywell International by 1.1% in the fourth quarter. Waverton Investment Management Ltd now owns 577,526 shares of the conglomerate’s stock valued at $76,303,000 after buying an additional 6,050 shares in the last quarter. Global Trust Asset Management LLC grew its stake in shares of Honeywell International by 50.9% in the fourth quarter. Global Trust Asset Management LLC now owns 661 shares of the conglomerate’s stock valued at $87,000 after buying an additional 223 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its stake in shares of Honeywell International by 24.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 31,542 shares of the conglomerate’s stock valued at $4,167,000 after buying an additional 6,230 shares in the last quarter. 71.08% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on HON shares. Morgan Stanley set a $170.00 target price on Honeywell International and gave the company a “buy” rating in a report on Monday, October 22nd. Gordon Haskett started coverage on Honeywell International in a report on Friday, October 12th. They issued a “buy” rating for the company. Credit Suisse Group decreased their target price on Honeywell International from $165.00 to $158.00 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Finally, Royal Bank of Canada decreased their target price on Honeywell International to $156.00 and set a “positive” rating for the company in a report on Monday, October 22nd. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $170.34.
Shares of Honeywell International stock traded up $0.03 on Monday, hitting $137.39. The stock had a trading volume of 48,750 shares, compared to its average volume of 2,642,182. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $167.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The company has a market capitalization of $100.47 billion, a P/E ratio of 19.31, a PEG ratio of 1.79 and a beta of 1.05.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the previous year, the business earned $1.75 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts forecast that Honeywell International Inc. will post 7.99 earnings per share for the current year.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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