Rhumbline Advisers grew its position in Honeywell International Inc. (NYSE:HON) by 3.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,294,364 shares of the conglomerate’s stock after acquiring an additional 42,659 shares during the quarter. Rhumbline Advisers’ holdings in Honeywell International were worth $183,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Addison Capital Co lifted its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares in the last quarter. Hudock Capital Group LLC raised its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after buying an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV raised its holdings in shares of Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after buying an additional 16 shares during the period. Finally, Oliver Luxxe Assets LLC raised its holdings in shares of Honeywell International by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock valued at $622,000 after buying an additional 21 shares during the period. 76.30% of the stock is currently owned by institutional investors and hedge funds.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International 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 sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International 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 sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.

Shares of Honeywell International Inc. (NYSE HON) opened at $157.09 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a twelve month low of $116.66 and a twelve month high of $157.12. The stock has a market capitalization of $118,890.00, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99.

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

Honeywell International announced that its Board of Directors has authorized a share buyback 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. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Several equities research analysts recently commented on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Thursday, September 21st. Citigroup raised their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Robert W. Baird reiterated a “buy” rating and set a $156.00 target price (up from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Deutsche Bank reiterated a “buy” rating and set a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. Finally, Jefferies Group reiterated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $160.14.

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

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