Blueshift Asset Management LLC purchased 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 & Exchange Commission. The institutional investor purchased 2,710 shares of the conglomerate’s stock, valued at approximately $358,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in HON. Venturi Wealth Management LLC lifted its position in shares of Honeywell International by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,906 shares of the conglomerate’s stock worth $898,000 after buying an additional 1,863 shares during the last quarter. Van ECK Associates Corp lifted its position in Honeywell International by 12.1% in the 4th quarter. Van ECK Associates Corp now owns 28,190 shares of the conglomerate’s stock valued at $3,724,000 after purchasing an additional 3,052 shares during the last quarter. Providence First Trust Co lifted its position in Honeywell International by 11.9% in the 4th quarter. Providence First Trust Co now owns 21,385 shares of the conglomerate’s stock valued at $2,825,000 after purchasing an additional 2,273 shares during the last quarter. Pacific Wealth Strategies Group Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $625,000. Finally, Bahl & Gaynor Inc. lifted its position in Honeywell International by 51.3% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock valued at $217,023,000 after purchasing an additional 557,009 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research restated a “hold” rating on shares of Honeywell International in a report on Monday, December 31st. Credit Suisse Group upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price target on the stock in a report on Thursday, January 3rd. Royal Bank of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target on the stock in a report on Thursday, January 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, CIBC reaffirmed a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $169.32.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The business’s revenue was down 14.5% on a year-over-year basis. As a group, equities research analysts anticipate that Honeywell International Inc. will post 8 EPS for the current year.
In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the 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 sale, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the sale, the insider now directly owns 305,505 shares in the company, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.
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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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