Honeywell International Inc. (HON) Stake Raised by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Honeywell International Inc. (NYSE:HON) by 4.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 176,777 shares of the conglomerate’s stock after purchasing an additional 7,911 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Honeywell International were worth $25,056,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HON. 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 valued at $101,000 after purchasing an additional 300 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 valued at $102,000 after purchasing an additional 78 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 valued at $102,000 after purchasing an additional 104 shares in the last quarter. CKW Financial Group purchased a new stake in Honeywell International in the second quarter valued at approximately $108,000. Finally, First Personal Financial Services raised its stake in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after purchasing an additional 185 shares in the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (HON) opened at $157.92 on Friday. Honeywell International Inc. has a 52-week low of $116.66 and a 52-week high of $158.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The company has a market cap of $119,520.00, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $10.05 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.
Honeywell International declared that its Board of Directors has initiated a stock repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’s 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 completion of the transaction, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
A number of brokerages recently weighed in on HON. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Thursday, October 19th. Jefferies Group raised their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Argus raised their target price on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus reduced their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research report 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 company’s stock. Honeywell International has an average rating of “Buy” and an average 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.
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