Honeywell International Inc. (HON) Stake Raised by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lifted its position in Honeywell International Inc. (NYSE:HON) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,143 shares of the conglomerate’s stock after buying an additional 8,140 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of Honeywell International worth $76,537,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Schulhoff & Co. Inc. raised its stake in Honeywell International by 1.8% in the second quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after purchasing an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Honeywell International by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after purchasing an additional 11,091 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Honeywell International by 30.7% in the second quarter. YHB Investment Advisors Inc. now owns 25,186 shares of the conglomerate’s stock valued at $3,357,000 after purchasing an additional 5,913 shares in the last quarter. AGF Investments America Inc. raised its stake in Honeywell International by 3.6% in the second quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock valued at $6,358,000 after purchasing an additional 1,668 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares in the last quarter. 76.36% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Inc. (NYSE HON) opened at $158.69 on Monday. Honeywell International Inc. has a 52-week low of $116.98 and a 52-week high of $159.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The company has a market cap of $120,098.24, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts predict that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.

Honeywell International declared that its Board of Directors has initiated a stock 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’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 owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

A number of brokerages recently weighed in on HON. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and lowered their target price 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 raised their target price on shares of 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 raised their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Oppenheimer raised their target price on shares of 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 target price on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company 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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