Reliant Investment Management LLC lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 21,700 shares of the conglomerate’s stock after selling 635 shares during the quarter. Honeywell International accounts for about 2.9% of Reliant Investment Management LLC’s holdings, making the stock its 19th biggest position. Reliant Investment Management LLC’s holdings in Honeywell International were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Capital Financial Planning LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth about $26,000. Riverview Trust Co acquired a new stake in shares of Honeywell International in the 4th quarter worth about $31,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Honeywell International in the 4th quarter worth about $33,000. IMS Capital Management acquired a new stake in shares of Honeywell International in the 3rd quarter worth about $53,000. Finally, Vectors Research Management LLC increased its stake in Honeywell International by 31.0% in the 4th quarter. Vectors Research Management LLC now owns 423 shares of the conglomerate’s stock valued at $56,000 after buying an additional 100 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Linnet F. Deily sold 4,234 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the transaction, the director now directly owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the sale, the insider now owns 305,505 shares in the company, valued at $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. Honeywell International’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the firm earned $1.85 EPS. On average, equities analysts expect that Honeywell International Inc. will post 7.95 earnings per share for the current year.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Deutsche Bank increased their price objective on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a research note on Monday, February 4th. UBS Group reiterated a “top pick” rating on shares of Honeywell International in a research note on Thursday, January 10th. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $169.32.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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