Norinchukin Bank The grew its position in shares of Honeywell International Inc. (NYSE:HON) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,437 shares of the conglomerate’s stock after acquiring an additional 3,314 shares during the period. Norinchukin Bank The’s holdings in Honeywell International were worth $13,527,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Burt Wealth Advisors raised its stake in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares in the last quarter. Guidant Wealth Advisors raised its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares in the last quarter. CKW Financial Group bought a new position in Honeywell International in the second quarter worth about $108,000. Finally, Mascoma Wealth Management LLC raised its stake in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares in the last quarter. 76.36% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the 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 owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. equities research analysts expect that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International announced that its board has approved a share buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research firms recently issued reports on HON. Jefferies Group reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Robert W. Baird reaffirmed a “buy” rating and set a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Morgan Stanley raised their target price on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Finally, Stifel Nicolaus decreased their target price on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $160.14.
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Honeywell International 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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