Honeywell International Inc. (HON) Position Lifted by Alethea Capital Management LLC

Alethea Capital Management LLC increased its position in Honeywell International Inc. (NYSE:HON) by 21.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,700 shares of the conglomerate’s stock after acquiring an additional 1,000 shares during the quarter. Honeywell International comprises about 0.9% of Alethea Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Alethea Capital Management LLC’s holdings in Honeywell International were worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HON. Janus Henderson Group PLC raised its holdings in Honeywell International by 4,986.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after acquiring an additional 4,308,688 shares during the period. Ameriprise Financial Inc. raised its holdings in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after acquiring an additional 3,728,533 shares during the period. Harbour Capital Advisors LLC raised its holdings in Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after acquiring an additional 1,791,394 shares during the period. Vanguard Group Inc. raised its holdings in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the period. Finally, BlackRock Inc. raised its holdings in Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after acquiring an additional 1,207,893 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Several research firms have recently issued reports on HON. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $163.00 to $158.00 in a report on Wednesday. They noted that the move was a valuation call. Argus boosted their price objective on shares of Honeywell International from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. 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. Oppenheimer boosted their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $160.14.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated 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 directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at $154.50 on Friday. The firm has a market cap of $116,930.00, a PE ratio of 23.41, a P/E/G ratio of 2.34 and a beta of 0.99. Honeywell International Inc. has a 52 week low of $116.22 and a 52 week high of $156.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. equities analysts expect that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International declared that its board has approved a share buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Honeywell International Company 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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