Cornerstone Advisors LLC Has $11.71 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Cornerstone Advisors LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 30.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,400 shares of the conglomerate’s stock after selling 28,100 shares during the quarter. Cornerstone Advisors LLC’s holdings in Honeywell International were worth $11,713,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Honeywell International by 1.8% during the second quarter. BlackRock Inc. now owns 43,079,893 shares of the conglomerate’s stock valued at $8,939,078,000 after purchasing an additional 753,256 shares in the last quarter. State Street Corp boosted its holdings in Honeywell International by 0.5% during the second quarter. State Street Corp now owns 30,982,913 shares of the conglomerate’s stock valued at $6,428,954,000 after purchasing an additional 146,701 shares in the last quarter. Morgan Stanley boosted its holdings in Honeywell International by 1.6% during the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after purchasing an additional 241,992 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Honeywell International by 1.8% during the second quarter. Geode Capital Management LLC now owns 12,849,684 shares of the conglomerate’s stock valued at $2,658,924,000 after purchasing an additional 232,080 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Honeywell International by 23.0% during the second quarter. Franklin Resources Inc. now owns 7,351,590 shares of the conglomerate’s stock valued at $1,525,455,000 after purchasing an additional 1,374,199 shares in the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HON shares. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Wells Fargo & Company lifted their target price on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Barclays lifted their target price on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $217.00.

Read Our Latest Report on HON

Honeywell International Trading Up 1.4 %

Shares of Honeywell International stock traded up $2.75 on Monday, hitting $197.59. 1,125,367 shares of the company’s stock traded hands, compared to its average volume of 3,299,629. The firm’s 50-day moving average price is $201.66 and its two-hundred day moving average price is $192.52. The stock has a market capitalization of $130.26 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HONGet Free Report) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.52 EPS. On average, research analysts expect that Honeywell International Inc. will post 9.98 EPS for the current fiscal year.

Insider Activity

In other news, Director Darius Adamczyk sold 41,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $191.72, for a total value of $7,860,520.00. Following the completion of the transaction, the director now owns 180,453 shares of the company’s stock, valued at approximately $34,596,449.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by company insiders.

About Honeywell International

(Free Report)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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 thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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