Honeywell International Inc. (HON) Shares Bought by Independent Advisor Alliance
Independent Advisor Alliance boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 19.4% in the third quarter, HoldingsChannel.com reports. The fund owned 7,364 shares of the conglomerate’s stock after purchasing an additional 1,199 shares during the period. Independent Advisor Alliance’s holdings in Honeywell International were worth $1,057,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of HON. Burt Wealth Advisors raised its position in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares during the period. Guidant Wealth Advisors raised its position in shares of 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 buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC raised its position in shares of 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 buying an additional 78 shares during the last quarter. CKW Financial Group acquired a new stake in shares of Honeywell International in the second quarter valued at about $108,000. Finally, Mascoma Wealth Management LLC raised its position in shares of Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at $151.40 on Wednesday. Honeywell International Inc. has a 12-month low of $119.31 and a 12-month high of $165.13. The stock has a market cap of $113,650.21, a PE ratio of 21.27, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
Honeywell International declared that its Board of Directors has authorized a stock buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently commented on HON shares. Deutsche Bank reiterated a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Royal Bank of Canada increased their target price on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Oppenheimer increased their target price on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell International presently has an average rating of “Buy” and a consensus target price of $163.93.
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. 1.56% of the stock is currently owned by company insiders.
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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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