Virginia Retirement Systems ET AL increased its position in Honeywell International Inc. (NYSE:HON) by 96.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,100 shares of the conglomerate’s stock after purchasing an additional 49,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Honeywell International were worth $14,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in Honeywell International by 1.8% during the 3rd quarter. Legal & General Group Plc now owns 3,747,578 shares of the conglomerate’s stock valued at $531,113,000 after acquiring an additional 65,883 shares during the last quarter. Ffcm LLC boosted its stake in Honeywell International by 18.0% during the 3rd quarter. Ffcm LLC now owns 28,583 shares of the conglomerate’s stock valued at $4,051,000 after acquiring an additional 4,353 shares during the last quarter. AGF Investments Inc. boosted its stake in Honeywell International by 3.1% during the 3rd quarter. AGF Investments Inc. now owns 2,068,441 shares of the conglomerate’s stock valued at $293,181,000 after acquiring an additional 61,459 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Honeywell International by 1.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 545,143 shares of the conglomerate’s stock valued at $76,537,000 after acquiring an additional 8,140 shares during the last quarter. Finally, AGF Investments America Inc. boosted its stake in Honeywell International by 1.2% during the 3rd quarter. AGF Investments America Inc. now owns 48,297 shares of the conglomerate’s stock valued at $6,846,000 after acquiring an additional 595 shares during the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at $158.54 on Tuesday. The firm has a market cap of $119,980.00, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. Honeywell International Inc. has a twelve month low of $116.98 and a twelve month high of $159.85. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.

Honeywell International announced that its board has authorized a share buyback program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Bradley T. Sheares sold 1,328 shares of the 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 approximately $585,932.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the 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 disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

HON has been the topic of a number of research analyst reports. Jefferies Group reiterated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. Citigroup increased their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Cowen reissued a “buy” rating and set a $150.00 target price on shares of Honeywell International in a report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating and set a $156.00 target price (up from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Finally, Argus increased their target price on shares of Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $161.43.

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About Honeywell International

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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