Honeywell International Inc. (HON) Shares Sold by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc reduced its stake in Honeywell International Inc. (NYSE:HON) by 29.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the conglomerate’s stock after selling 3,300 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in Honeywell International were worth $1,134,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HON. Burt Wealth Advisors raised its position in Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the last quarter. Guidant Wealth Advisors raised its position in Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the last quarter. CKW Financial Group purchased a new position in Honeywell International during the 2nd quarter worth approximately $108,000. Finally, Mascoma Wealth Management LLC raised its position in Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the last quarter. 76.36% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction 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 transaction, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction 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 in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
Honeywell International Inc. (NYSE HON) opened at $157.78 on Friday. Honeywell International Inc. has a fifty-two week low of $116.98 and a fifty-two week high of $159.85. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $119,410.00, a price-to-earnings ratio of 23.91, a PEG ratio of 2.42 and a beta of 0.99.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 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 business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the previous year, the firm earned $1.60 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts expect that Honeywell International Inc. will post 7.1 earnings per share for the current year.
Honeywell International declared that its board has approved a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts have 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 for the company in a research report on Thursday, December 14th. Oppenheimer lifted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Jefferies Group lifted their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Royal Bank of Canada lifted their target price on shares of Honeywell International to $163.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $160.14.
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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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