Cipher Capital LP raised its stake in Honeywell International Inc. (NYSE:HON) by 56.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,146 shares of the conglomerate’s stock after buying an additional 24,333 shares during the quarter. Honeywell International comprises about 0.7% of Cipher Capital LP’s portfolio, making the stock its 6th biggest holding. Cipher Capital LP’s holdings in Honeywell International were worth $9,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Columbia Partners L L C Investment Management lifted its position in shares of Honeywell International by 5.2% during the third quarter. Columbia Partners L L C Investment Management now owns 20,534 shares of the conglomerate’s stock worth $2,910,000 after purchasing an additional 1,016 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Honeywell International by 7.9% during the third quarter. Macquarie Group Ltd. now owns 393,610 shares of the conglomerate’s stock worth $55,790,000 after purchasing an additional 28,664 shares in the last quarter. Buckingham Capital Management Inc. lifted its position in shares of Honeywell International by 3.6% during the third quarter. Buckingham Capital Management Inc. now owns 24,393 shares of the conglomerate’s stock worth $3,457,000 after purchasing an additional 850 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Honeywell International by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after purchasing an additional 207,142 shares in the last quarter. Finally, Commonwealth Equity Services Inc lifted its position in shares of Honeywell International by 4.1% during the third quarter. Commonwealth Equity Services Inc now owns 187,156 shares of the conglomerate’s stock worth $26,527,000 after purchasing an additional 7,404 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Citigroup set a $180.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus reduced 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 report on Thursday, December 14th. Oppenheimer increased their price target on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Jefferies Group increased their price target on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $160.14.

In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

Shares of Honeywell International Inc. (NYSE:HON) opened at $159.07 on Tuesday. The firm has a market cap of $120,390.00, a P/E ratio of 24.10, a P/E/G ratio of 2.43 and a beta of 0.99. Honeywell International Inc. has a 1-year low of $116.98 and a 1-year high of $159.49. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International declared that its Board of Directors has approved a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign 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.

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

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