Smithfield Trust Co. raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 9.0% during the third quarter, HoldingsChannel.com reports. The fund owned 11,753 shares of the conglomerate’s stock after purchasing an additional 971 shares during the quarter. Smithfield Trust Co.’s holdings in Honeywell International were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Burt Wealth Advisors grew its position in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors grew its position in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC grew its position in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares in the last quarter. CKW Financial Group purchased a new position in shares of Honeywell International during the 2nd quarter valued at $108,000. Finally, First Personal Financial Services grew its position in shares of Honeywell International by 25.4% during the 2nd quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after purchasing an additional 185 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on HON shares. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Thursday, September 21st. Deutsche Bank reiterated a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Royal Bank of Canada upped their target price on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Citigroup upped their target price on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Oppenheimer upped their target price 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. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $160.14.

Shares of Honeywell International Inc. (NYSE:HON) opened at $155.58 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 1 year low of $116.51 and a 1 year high of $156.70. The stock has a market cap of $117,740.00, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.36 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. equities research analysts anticipate 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 repurchase plan on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated 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 directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

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

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