NEXT Financial Group Inc cut its stake in Honeywell International Inc. (NYSE:HON) by 46.0% in the third quarter, HoldingsChannel.com reports. The fund owned 5,063 shares of the conglomerate’s stock after selling 4,306 shares during the period. NEXT Financial Group Inc’s holdings in Honeywell International were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HON. Janus Henderson Group PLC lifted its holdings in Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after acquiring an additional 4,308,688 shares during the period. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after acquiring an additional 3,728,533 shares during the period. Harbour Capital Advisors LLC lifted its holdings in Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after acquiring an additional 1,791,394 shares during the period. Vanguard Group Inc. lifted its holdings in Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after acquiring an additional 1,234,672 shares during the period. Finally, BlackRock Inc. lifted its holdings in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after acquiring an additional 1,207,893 shares during the period. 76.36% of the stock is owned by institutional investors.

Shares of Honeywell International Inc. (HON) opened at $158.41 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 12-month low of $116.98 and a 12-month high of $159.85. The company has a market capitalization of $119,492.79, a P/E ratio of 24.00, a P/E/G ratio of 2.41 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, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.

Honeywell International announced that its Board of Directors has approved a stock buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In related news, Director Bradley T. Sheares sold 1,328 shares of the business’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 sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the company. Citigroup set a $180.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus reduced their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Oppenheimer upped their target price on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Jefferies Group upped their target price on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada upped their target price on Honeywell International to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus price target 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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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