Fmr LLC Decreases Position in Honeywell International Inc. (HON)

Fmr LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,766,299 shares of the conglomerate’s stock after selling 62,935 shares during the quarter. Fmr LLC’s holdings in Honeywell International were worth $761,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Wealthsource Partners LLC grew its holdings in Honeywell International by 4.0% during the 4th quarter. Wealthsource Partners LLC now owns 1,786 shares of the conglomerate’s stock worth $236,000 after acquiring an additional 68 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in Honeywell International by 1.5% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,737 shares of the conglomerate’s stock worth $626,000 after acquiring an additional 72 shares during the last quarter. Fagan Associates Inc. grew its holdings in Honeywell International by 1.3% during the 4th quarter. Fagan Associates Inc. now owns 5,555 shares of the conglomerate’s stock worth $734,000 after acquiring an additional 72 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Honeywell International by 5.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,507 shares of the conglomerate’s stock worth $199,000 after acquiring an additional 73 shares during the last quarter. Finally, Cooper Haims Advisors LLC lifted its position in shares of Honeywell International by 3.4% in the 4th quarter. Cooper Haims Advisors LLC now owns 2,268 shares of the conglomerate’s stock worth $300,000 after purchasing an additional 75 shares during the period. 75.65% of the stock is currently owned by institutional investors.

Honeywell International stock opened at $169.06 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.24. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $169.86. The firm has a market cap of $123.14 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.36 and a beta of 1.10.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter in the previous year, the company earned $1.95 EPS. Honeywell International’s quarterly revenue was down 14.5% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post 8 EPS for the current fiscal year.

In related news, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $47,139,421.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction on 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 owns 11,369 shares in the company, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

HON has been the topic of a number of recent analyst reports. Zacks Investment Research restated a “hold” rating on shares of Honeywell International in a research 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 research 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 research report on Thursday, January 3rd. Oppenheimer restated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, CIBC restated 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 given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $169.32.

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Honeywell International Company Profile

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

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