Honeywell International Inc. (HON) Holdings Trimmed by Adell Harriman & Carpenter Inc.
Adell Harriman & Carpenter Inc. lessened its holdings in Honeywell International Inc. (NYSE:HON) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,098 shares of the conglomerate’s stock after selling 1,494 shares during the quarter. Honeywell International accounts for approximately 2.1% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 14th largest holding. Adell Harriman & Carpenter Inc.’s holdings in Honeywell International were worth $9,510,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Chemung Canal Trust Co. raised its position in Honeywell International by 47.3% during the first quarter. Chemung Canal Trust Co. now owns 18,783 shares of the conglomerate’s stock valued at $2,346,000 after acquiring an additional 6,029 shares in the last quarter. First American Trust FSB increased its position in shares of Honeywell International by 3.9% in the second quarter. First American Trust FSB now owns 40,905 shares of the conglomerate’s stock valued at $5,453,000 after buying an additional 1,537 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Honeywell International by 61.1% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 21,770 shares of the conglomerate’s stock valued at $2,902,000 after buying an additional 8,259 shares in the last quarter. Pioneer Trust Bank N A OR increased its position in shares of Honeywell International by 2.7% in the second quarter. Pioneer Trust Bank N A OR now owns 5,265 shares of the conglomerate’s stock valued at $702,000 after buying an additional 140 shares in the last quarter. Finally, Catawba Capital Management VA increased its position in shares of Honeywell International by 1.4% in the second quarter. Catawba Capital Management VA now owns 35,620 shares of the conglomerate’s stock valued at $4,748,000 after buying an additional 491 shares in the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.
In other news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.
Several analysts recently commented on the company. Cowen reiterated a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Citigroup boosted their price objective on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Oppenheimer upped their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $160.14.
Honeywell International Inc. (HON) opened at $157.09 on Thursday. Honeywell International Inc. has a 1-year low of $116.66 and a 1-year high of $157.12. The company has a market capitalization of $118,890.00, a PE ratio of 23.80, a PEG ratio of 2.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts forecast that Honeywell International Inc. will post 7.1 earnings per share for the current year.
Honeywell International declared that its board has authorized a stock repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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