Cannell Peter B & Co. Inc. trimmed its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,428 shares of the conglomerate’s stock after selling 625 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Honeywell International were worth $7,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HON. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Honeywell International by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after buying an additional 207,142 shares in the last quarter. FMR LLC lifted its stake in shares of Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after buying an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after buying an additional 629,221 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction 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 company insiders.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Argus raised their price target on shares of Honeywell International from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Jefferies Group raised their price target on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Oppenheimer raised their price target on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus decreased 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 note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $160.14.

Shares of Honeywell International Inc. (NYSE HON) opened at $157.78 on Friday. Honeywell International Inc. has a 12-month low of $116.98 and a 12-month high of $159.85. The stock has a market cap of $119,410.00, a PE ratio of 23.91, a P/E/G ratio of 2.41 and a beta of 0.99. 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 (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the business earned $1.60 earnings per share. Honeywell International’s revenue was up 3.2% compared to the same quarter last year. analysts predict that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International announced that its board has initiated 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 an indication that the company’s management believes its shares are undervalued.

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

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