Honeywell International Inc. (HON) Shares Sold by Suncoast Equity Management

Suncoast Equity Management lessened its holdings in Honeywell International Inc. (NYSE:HON) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,870 shares of the conglomerate’s stock after selling 959 shares during the quarter. Honeywell International makes up approximately 6.3% of Suncoast Equity Management’s investment portfolio, making the stock its 4th largest position. Suncoast Equity Management’s holdings in Honeywell International were worth $21,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First American Trust FSB increased its position in Honeywell International by 3.9% during the 2nd quarter. First American Trust FSB now owns 40,905 shares of the conglomerate’s stock valued at $5,453,000 after purchasing an additional 1,537 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its position in Honeywell International by 61.1% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 21,770 shares of the conglomerate’s stock valued at $2,902,000 after purchasing an additional 8,259 shares during the period. Pioneer Trust Bank N A OR increased its position in Honeywell International by 2.7% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 5,265 shares of the conglomerate’s stock valued at $702,000 after purchasing an additional 140 shares during the period. Catawba Capital Management VA increased its position in Honeywell International by 1.4% during the 2nd quarter. Catawba Capital Management VA now owns 35,620 shares of the conglomerate’s stock valued at $4,748,000 after purchasing an additional 491 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Honeywell International during the 2nd quarter valued at approximately $307,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

In related news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on 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 completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International 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 directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Shares of Honeywell International Inc. (NYSE:HON) opened at $157.92 on Friday. Honeywell International Inc. has a 52-week low of $116.66 and a 52-week high of $158.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The stock has a market cap of $119,520.00, a price-to-earnings ratio of 23.93, a P/E/G ratio of 2.37 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter last year, the firm posted $1.60 EPS. Honeywell International’s revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Honeywell International Inc. will post 7.1 earnings per share for the current year.

Honeywell International announced that its board has initiated a stock repurchase plan on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

A number of research firms have weighed in on HON. Citigroup set a $180.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus reduced their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Oppenheimer raised their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Jefferies Group raised their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada raised their price objective on shares of Honeywell International to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus target price 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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