Bridgecreek Investment Management LLC raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 32,660 shares of the conglomerate’s stock after purchasing an additional 1,100 shares during the period. Bridgecreek Investment Management LLC’s holdings in Honeywell International were worth $4,629,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its stake in shares of Honeywell International by 50.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 6,142 shares of the conglomerate’s stock valued at $756,000 after buying an additional 2,054 shares in the last quarter. Chemung Canal Trust Co. grew its stake in shares of Honeywell International by 47.3% in the 1st quarter. Chemung Canal Trust Co. now owns 18,783 shares of the conglomerate’s stock valued at $2,346,000 after buying an additional 6,029 shares in the last quarter. First American Trust FSB grew its stake in shares of Honeywell International by 3.9% in the 2nd 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 grew its stake in shares of Honeywell International by 61.1% in the 2nd 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. Finally, Pioneer Trust Bank N A OR grew its stake in shares of Honeywell International by 2.7% in the 2nd 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. 76.30% of the stock is currently owned by institutional investors.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’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 transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Several brokerages recently commented on HON. Royal Bank of Canada cut Honeywell International from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Argus boosted their price target on Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Jefferies Group boosted their price target on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Oppenheimer boosted 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, Stifel Nicolaus lowered their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $160.14.

Shares of Honeywell International Inc. (NYSE HON) opened at $156.01 on Wednesday. Honeywell International Inc. has a 1-year low of $116.66 and a 1-year high of $156.77. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $118,070.00, a P/E ratio of 23.64, a P/E/G ratio of 2.37 and a beta of 0.99.

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

Honeywell International declared that its Board of Directors has approved a share repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are 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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