Sand Hill Global Advisors LLC boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 31,103 shares of the conglomerate’s stock after buying an additional 601 shares during the period. Sand Hill Global Advisors LLC’s holdings in Honeywell International were worth $3,884,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its position in Honeywell International by 22.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 868,781 shares of the conglomerate’s stock valued at $100,648,000 after buying an additional 160,360 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Honeywell International by 63.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 638,139 shares of the conglomerate’s stock valued at $73,928,000 after buying an additional 248,347 shares in the last quarter. Freestone Capital Holdings LLC increased its position in Honeywell International by 2.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 12,852 shares of the conglomerate’s stock valued at $1,489,000 after buying an additional 357 shares in the last quarter. Bienville Capital Management LLC purchased a new position in Honeywell International during the fourth quarter valued at about $269,000. Finally, SRS Capital Advisors Inc. purchased a new position in Honeywell International during the fourth quarter valued at about $114,000. 76.36% of the stock is owned by institutional investors.
Honeywell International Inc. (HON) opened at 135.19 on Wednesday. The company has a market capitalization of $103.06 billion, a PE ratio of 21.29 and a beta of 0.95. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $135.93. The firm’s 50 day moving average price is $133.12 and its 200-day moving average price is $125.43.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.33 billion. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Honeywell International in a research note on Monday. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday. HSBC Holdings plc assumed coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price objective for the company. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 price objective (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $136.05.
In other news, Director Bradley T. Sheares sold 3,430 shares of Honeywell International stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the sale, the director now directly owns 8,731 shares in the company, valued at approximately $1,149,960.01. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David M. Cote sold 969,650 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $130.78, for a total value of $126,810,827.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,253,667 shares of company stock worth $164,049,416. Corporate insiders own 1.56% of the company’s stock.
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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