November 24, 2016 - By Peter Erickson · 0 Comments
Honeywell International Inc (NYSE:HON) institutional sentiment increased to 1.02 in Q2 2016. Its up 0.05, from 0.97 in 2016Q1. The ratio has improved, as 503 active investment managers opened new and increased holdings, while 518 decreased and sold their positions in Honeywell International Inc. The active investment managers in our partner’s database reported: 570.07 million shares, down from 587.36 million shares in 2016Q1. Also, the number of active investment managers holding Honeywell International Inc in their top 10 holdings was flat from 72 to 72 for the same number . Sold All: 52 Reduced: 466 Increased: 418 New Position: 85.
Honeywell International Inc. is a technology and manufacturing company. The company has a market cap of $86.99 billion. The Firm operates in three divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). It has a 17.79 P/E ratio. The Company’s Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related services and products for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
The stock increased 1.16% or $1.31 on November 23, hitting $113.83. About 2.63M shares traded hands. Honeywell International Inc. (NYSE:HON) has declined 0.30% since April 22, 2016 and is downtrending. It has underperformed by 5.71% the S&P500.
Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on February, 3. They expect $1.75 earnings per share, up 10.76% or $0.17 from last year’s $1.58 per share. HON’s profit will be $1.34 billion for 16.26 P/E if the $1.75 EPS becomes a reality. After $1.67 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 4.79% EPS growth.
According to Zacks Investment Research, “Honeywell International is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control technologies for buildings, homes and industry, automotive products, power generation systems, specialty chemicals, fibers, plastics and electronic and advanced materials. Its operations are conducted by strategic business units, which have been aggregated under four reportable segments: Aerospace Solutions, Automation & Asset Management, Performance Materials and Power & Transportation Products.”
Gabalex Capital Management Llc holds 8.48% of its portfolio in Honeywell International Inc. for 200,000 shares. Evercore Trust Company N.A. owns 19.71 million shares or 7.33% of their US portfolio. Moreover, Randolph Co Inc has 6.35% invested in the company for 212,230 shares. The Florida-based Suncoast Equity Management has invested 6.26% in the stock. Cincinnati Financial Corp, a Ohio-based fund reported 947,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 11 sales for $78.79 million net activity.
Ratings analysis reveals 69% of Honeywell International Inc.’s analysts are positive. Out of 16 Wall Street analysts rating Honeywell International Inc., 11 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $7 while the high is $135. The stock’s average target of $113.36 is -0.41% below today’s ($113.83) share price. HON was included in 37 notes of analysts from July 30, 2015. Oppenheimer maintained Honeywell International Inc. (NYSE:HON) on Thursday, December 17 with “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 19 report. The stock of Honeywell International Inc. (NYSE:HON) earned “Overweight” rating by Barclays Capital on Monday, October 5. Vetr downgraded Honeywell International Inc. (NYSE:HON) rating on Friday, August 28. Vetr has “Strong-Buy” rating and $111.53 price target. As per Monday, June 6, the company rating was maintained by UBS. The rating was maintained by Argus Research on Tuesday, July 21 with “Buy”. Jefferies maintained it with “Buy” rating and $130 target price in Monday, April 25 report. Argus Research maintained Honeywell International Inc. (NYSE:HON) rating on Tuesday, October 20. Argus Research has “Buy” rating and $118 price target. Citigroup maintained the stock with “Buy” rating in Monday, April 25 report. Argus Research maintained the stock with “Buy” rating in Tuesday, July 26 report.
Honeywell International Inc. (Honeywell), incorporated on November 24, 1999, is a technology and manufacturing company. The Firm offers aerospace services and products; turbochargers; control, sensing and security technologies for buildings, homes and industry; chemicals, electronic and materials, and process technology for refining and petrochemicals, and energy products and solutions for homes, business and transportation. The Firm operates in three divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT).
More news for Honeywell International Inc. (NYSE:HON) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Deutsche Bank Contingent, Honeywell International and NU …” on November 14, 2016. Fool.com‘s article titled: “Why Honeywell International Is a Fantastic Buy Right Now” and published on November 08, 2016 is yet another important article.
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By Peter Erickson