Bessemer Group Inc. Reduces Holdings in Honeywell International Inc. (NYSE:HON)
Bessemer Group Inc. trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 74.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,016 shares of the conglomerate’s stock after selling 38,789 shares during the quarter. Bessemer Group Inc.’s holdings in Honeywell International were worth $1,845,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Burt Wealth Advisors lifted its holdings in shares of Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares during the last quarter. Guidant Wealth Advisors lifted its holdings in shares of Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares during the last quarter. CKW Financial Group purchased a new position in shares of Honeywell International during the second quarter valued at approximately $108,000. Finally, First Personal Financial Services lifted its holdings in shares of Honeywell International by 25.4% during the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock valued at $122,000 after purchasing an additional 185 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.
HON has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Deutsche Bank reiterated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a report on Tuesday, November 28th. Bank of America lifted their target price on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday. UBS Group assumed coverage on shares of Honeywell International in a report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Jefferies Group boosted their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average price target of $163.93.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 EPS. equities research analysts predict that Honeywell International Inc. will post 7.84 earnings per share for the current year.
Honeywell International declared that its Board of Directors has authorized a stock repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In other news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.
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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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