Abner Herrman & Brock LLC Trims Stake in Honeywell International Inc. (HON)
Abner Herrman & Brock LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,467 shares of the conglomerate’s stock after selling 12,050 shares during the quarter. Honeywell International accounts for 2.1% of Abner Herrman & Brock LLC’s portfolio, making the stock its 19th largest holding. Abner Herrman & Brock LLC’s holdings in Honeywell International were worth $11,424,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMS Capital Management acquired a new stake in shares of Honeywell International in the third quarter worth $53,000. Welch Group LLC acquired a new stake in Honeywell International during the third quarter valued at $108,000. Matthew Goff Investment Advisor LLC acquired a new stake in Honeywell International during the third quarter valued at $117,000. Fort L.P. acquired a new stake in Honeywell International during the second quarter valued at $118,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Honeywell International during the third quarter valued at $126,000. 71.08% of the stock is owned by institutional investors and hedge funds.
In related news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the transaction, the director now directly owns 13,607 shares in the company, valued at $1,974,783.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of the business’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $143.61, for a total value of $4,061,434.41. Following the transaction, the vice president now owns 91,829 shares in the company, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock worth $6,597,099 over the last quarter. 1.33% of the stock is currently owned by corporate insiders.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Research analysts forecast that Honeywell International Inc. will post 7.99 earnings per share for the current year.
A number of analysts recently issued reports on HON shares. Citigroup set a $186.00 price objective on Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Gordon Haskett assumed coverage on Honeywell International in a report on Friday, October 12th. They set a “buy” rating on the stock. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Royal Bank of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price on the stock in a report on Thursday, January 3rd. Finally, Deutsche Bank raised their target price on Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a report on Friday, September 28th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and an average price target of $170.34.
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Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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