Honeywell International Inc. (HON) Shares Sold by EagleClaw Capital Managment LLC
EagleClaw Capital Managment LLC lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 10.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,476 shares of the conglomerate’s stock after selling 1,300 shares during the period. EagleClaw Capital Managment LLC’s holdings in Honeywell International were worth $1,628,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Burt Wealth Advisors grew its holdings in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Guidant Wealth Advisors lifted its stake in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares in the last quarter. Mosaic Family Wealth LLC lifted its stake in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares in the last quarter. CKW Financial Group bought a new position in shares of Honeywell International in the second quarter worth approximately $108,000. Finally, Mascoma Wealth Management LLC lifted its stake in shares of Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares in the last quarter. Institutional investors own 76.52% of the company’s stock.
Several research analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Thursday, October 19th. Jefferies Group upped their target price on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a research note on Friday, January 26th. Stifel Nicolaus dropped their target price on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Finally, Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $163.93.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 earnings per share. equities analysts expect that Honeywell International Inc. will post 7.95 EPS for the current year.
Honeywell International announced that its Board of Directors has approved a share buyback plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
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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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