Quantitative Systematic Strategies LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 23.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,379 shares of the company’s stock after selling 4,383 shares during the period. Honeywell International makes up about 0.8% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 6th largest position. Quantitative Systematic Strategies LLC’s holdings in Honeywell International were worth $1,646,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the company. Investec Asset Management LTD raised its position in shares of Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Honeywell International during the second quarter worth approximately $98,669,000. Teachers Advisors Inc. raised its position in shares of Honeywell International by 23.2% in the first quarter. Teachers Advisors Inc. now owns 1,791,364 shares of the company’s stock worth $200,722,000 after buying an additional 336,816 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Honeywell International by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 8,715,518 shares of the company’s stock worth $976,574,000 after buying an additional 332,057 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Honeywell International by 4.7% in the first quarter. Geode Capital Management LLC now owns 6,480,309 shares of the company’s stock worth $724,716,000 after buying an additional 293,075 shares during the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.935% during mid-day trading on Thursday, reaching $108.435. The company’s stock had a trading volume of 2,924,496 shares. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02. The stock has a market capitalization of $82.51 billion, a price-to-earnings ratio of 17.155 and a beta of 1.05. The company’s 50-day moving average is $114.49 and its 200-day moving average is $115.00.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post $6.68 EPS for the current year.
HON has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Bank of America Corp. set a $132.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Monday, July 25th. Morgan Stanley reissued a “buy” rating and set a $127.00 price target on shares of Honeywell International in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. lowered Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 price objective for the company. in a research note on Monday. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Honeywell International in a research note on Friday, October 7th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.83.
In other Honeywell International news, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the transaction, the insider now owns 68,398 shares in the company, valued at approximately $7,954,003.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the transaction, the senior vice president now owns 224,530 shares in the company, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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