Ipswich Investment Management Co. Inc. lessened its holdings in Honeywell International Inc. (NYSE:HON) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,342 shares of the conglomerate’s stock after selling 3,691 shares during the quarter. Honeywell International accounts for approximately 1.4% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 19th biggest position. Ipswich Investment Management Co. Inc.’s holdings in Honeywell International were worth $3,953,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Boston Private Wealth LLC boosted its position in Honeywell International by 4.7% during the fourth quarter. Boston Private Wealth LLC now owns 171,768 shares of the conglomerate’s stock valued at $30,403,000 after buying an additional 7,753 shares during the period. Chelsea Counsel Co. boosted its position in Honeywell International by 3.0% during the fourth quarter. Chelsea Counsel Co. now owns 59,171 shares of the conglomerate’s stock valued at $10,474,000 after buying an additional 1,713 shares during the period. Baird Financial Group Inc. boosted its position in Honeywell International by 5.7% during the fourth quarter. Baird Financial Group Inc. now owns 391,581 shares of the conglomerate’s stock valued at $69,310,000 after buying an additional 21,186 shares during the period. Bluefin Trading LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $3,349,000. Finally, Eagle Global Advisors LLC boosted its position in Honeywell International by 2.1% during the first quarter. Eagle Global Advisors LLC now owns 90,632 shares of the conglomerate’s stock valued at $12,126,000 after buying an additional 1,906 shares during the period. 76.51% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on HON. Royal Bank of Canada restated a “buy” rating and set a $143.00 price target on shares of Honeywell International in a research report on Wednesday, April 1st. Citigroup lowered their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Robert W. Baird lowered their price objective on shares of Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Finally, Langenberg & Company reaffirmed a “buy” rating and set a $165.00 price objective on shares of Honeywell International in a research note on Friday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $156.47.
NYSE HON traded down $0.66 during mid-day trading on Thursday, reaching $144.93. 4,423 shares of the stock were exchanged, compared to its average volume of 3,452,499. The business’s 50 day moving average is $145.90 and its 200-day moving average is $153.98. Honeywell International Inc. has a 1 year low of $101.08 and a 1 year high of $184.06. The company has a market capitalization of $101.75 billion, a P/E ratio of 16.66, a P/E/G ratio of 2.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.30.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.25. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 6.93 earnings per share for the current fiscal year.
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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