Morningstar Investment Services LLC acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,475 shares of the conglomerate’s stock, valued at approximately $209,000.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in shares of Honeywell International by 2.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 153,166 shares of the conglomerate’s stock worth $21,709,000 after purchasing an additional 3,549 shares during the last quarter. Capital Planning Advisors LLC raised its position in shares of Honeywell International by 66.0% in the 3rd quarter. Capital Planning Advisors LLC now owns 15,403 shares of the conglomerate’s stock worth $2,183,000 after purchasing an additional 6,123 shares during the last quarter. Albion Financial Group UT raised its position in shares of Honeywell International by 2.0% in the 3rd quarter. Albion Financial Group UT now owns 37,428 shares of the conglomerate’s stock worth $5,305,000 after purchasing an additional 727 shares during the last quarter. Monroe Bank & Trust MI raised its position in shares of Honeywell International by 204.8% in the 3rd quarter. Monroe Bank & Trust MI now owns 1,661 shares of the conglomerate’s stock worth $192,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Norinchukin Bank The raised its position in shares of Honeywell International by 3.6% in the 3rd quarter. Norinchukin Bank The now owns 95,437 shares of the conglomerate’s stock worth $13,527,000 after purchasing an additional 3,314 shares during the last quarter. 76.36% of the stock is owned by institutional investors and hedge funds.

HON has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research report on Thursday, September 28th. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Citigroup set a $180.00 price target on Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $160.14.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the business’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 completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at $158.69 on Friday. The stock has a market capitalization of $120,098.18, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. Honeywell International Inc. has a 52 week low of $116.98 and a 52 week high of $159.85. 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 results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. equities research analysts anticipate that Honeywell International Inc. will post 7.1 earnings per share for the current year.

Honeywell International announced that its board has initiated a share buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is 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.

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

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