Western Wealth Management LLC acquired a new stake in Honeywell International Inc. (NYSE:HON) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,261 shares of the conglomerate’s stock, valued at approximately $831,000.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 52,084,819 shares of the conglomerate’s stock worth $8,666,914,000 after purchasing an additional 456,410 shares during the last quarter. Vanguard Group Inc raised its stake in Honeywell International by 0.9% in the third quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after buying an additional 456,410 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Honeywell International by 12,075.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after buying an additional 21,985,685 shares during the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after buying an additional 478,988 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Honeywell International by 2.9% in the fourth quarter. Northern Trust Corp now owns 8,702,224 shares of the conglomerate’s stock valued at $1,149,738,000 after buying an additional 241,715 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors.
HON has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Monday, April 8th. Deutsche Bank increased their price target on Honeywell International to $160.00 and gave the company a “buy” rating in a research note on Monday, February 4th. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target for the company in a research note on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $169.32.
In other news, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the transaction, the insider now owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the transaction, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
Honeywell International stock opened at $162.86 on Wednesday. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $167.72. The firm has a market capitalization of $118.00 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.72 billion. During the same quarter last year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 7.95 EPS for the current year.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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