Karp Capital Management Corp acquired a new position in shares of Honeywell International Inc. (NYSE:HON) during the first quarter, Holdings Channel reports. The firm acquired 493,763 shares of the conglomerate’s stock, valued at approximately $61,656,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new position in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. boosted its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. MCF Advisors LLC boosted its position in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the last quarter. Sowell Financial Services LLC bought a new position in Honeywell International during the fourth quarter worth approximately $156,000. Finally, Sfmg LLC bought a new position in Honeywell International during the first quarter worth approximately $200,000. 76.41% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (NYSE HON) opened at 136.35 on Monday. The company has a 50-day moving average of $134.17 and a 200 day moving average of $127.24. The firm has a market cap of $103.70 billion, a PE ratio of 21.14 and a beta of 0.95. Honeywell International Inc. has a one year low of $105.25 and a one year high of $137.42.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
A number of research firms have commented on HON. Stifel Nicolaus upped their target price on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. HSBC Holdings plc began coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $148.00 target price on shares of Honeywell International in a research report on Tuesday, April 25th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a research report on Friday, April 21st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $136.10.
In related news, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the transaction, the vice president now directly owns 3,141 shares of the company’s stock, valued at approximately $414,235.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark R. James sold 116,441 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $130.47, for a total value of $15,192,057.27. Following the transaction, the senior vice president now directly owns 240,826 shares in the company, valued at $31,420,568.22. The disclosure for this sale can be found here. Insiders have sold a total of 1,253,667 shares of company stock worth $164,049,416 over the last three months. 1.56% of the stock is currently owned by corporate insiders.
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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