Oppenheimer & Co. Inc. Has $21.71 Million Holdings in Honeywell International Inc. (HON)

Oppenheimer & Co. Inc. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,166 shares of the conglomerate’s stock after buying an additional 3,549 shares during the quarter. Honeywell International accounts for 0.6% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 28th largest position. Oppenheimer & Co. Inc.’s holdings in Honeywell International were worth $21,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Burt Wealth Advisors lifted its position in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors lifted its position in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares in the last quarter. CKW Financial Group purchased a new stake in shares of Honeywell International in the second quarter worth approximately $108,000. Finally, Mascoma Wealth Management LLC lifted its position in shares of Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares in the last quarter. 76.36% of the stock is owned by institutional investors.

In related news, Director Bradley T. Sheares sold 1,328 shares of the 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 in the company, valued at $585,932.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

A number of analysts have recently issued reports on HON shares. Royal Bank of Canada increased their price target 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. Jefferies Group reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research report on Thursday, September 28th. Deutsche Bank reissued a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. 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. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $160.14.

Honeywell International Inc. (HON) opened at $158.69 on Friday. Honeywell International Inc. has a twelve month low of $116.98 and a twelve month high of $159.85. The company has a market capitalization of $120,098.18, a P/E ratio of 22.83, a P/E/G ratio of 2.42 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. analysts expect that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.

Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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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.

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

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