Honeywell International Inc. (HON) Holdings Reduced by Pinnacle Financial Partners Inc.

Pinnacle Financial Partners Inc. reduced its position in Honeywell International Inc. (NYSE:HON) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,224 shares of the conglomerate’s stock after selling 1,930 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Honeywell International were worth $5,985,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. 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 valued at $6,626,247,000 after buying an additional 1,234,672 shares during the period. 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 valued at $6,003,117,000 after buying an additional 1,207,893 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Honeywell International by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after purchasing an additional 207,142 shares during the last quarter. FMR LLC grew its holdings in shares of Honeywell International by 9.3% during the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. 76.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (NYSE HON) opened at $157.78 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 1 year low of $116.98 and a 1 year high of $159.85. The company has a market cap of $119,410.00, a P/E ratio of 23.91, a P/E/G ratio of 2.42 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. During the same period last year, the company earned $1.60 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. analysts predict that Honeywell International Inc. will post 7.1 earnings per share for the current year.

Honeywell International announced that its board has approved a stock repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

Several brokerages recently issued reports on HON. Cowen reaffirmed a “buy” rating and set a $150.00 price target on shares of Honeywell International in a report on Thursday, October 19th. Jefferies Group lifted their price target on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Argus lifted their price target on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus decreased their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $160.14.

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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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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