Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Honeywell (NYSE:HON) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 250,133 shares of the conglomerate’s stock after purchasing an additional 35,843 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Honeywell were worth $38,359,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Welch Group LLC bought a new position in Honeywell in the 4th quarter worth about $100,000. Taylor Hoffman Wealth Management purchased a new position in shares of Honeywell in the 4th quarter worth about $113,000. Mascoma Wealth Management LLC boosted its holdings in shares of Honeywell by 113.2% in the 3rd 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. Invictus RG purchased a new position in shares of Honeywell in the 3rd quarter worth about $117,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of Honeywell in the 4th quarter worth about $138,000. Institutional investors own 75.30% of the company’s stock.
In other Honeywell news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the sale, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
Honeywell (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. Honeywell’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. equities research analysts expect that Honeywell will post 7.97 EPS for the current fiscal year.
HON has been the subject of a number of research reports. Argus upped their price objective on Honeywell from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price objective on shares of Honeywell in a report on Friday, January 26th. Bank of America upped their price objective on Honeywell from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. UBS initiated coverage on Honeywell in a report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Cowen reiterated a “buy” rating and issued a $168.00 price objective on shares of Honeywell in a report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell currently has a consensus rating of “Buy” and a consensus price target of $166.07.
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Honeywell Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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