Quantbot Technologies LP Makes New $355,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Quantbot Technologies LP purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,923 shares of the conglomerate’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of 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 raised its stake 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 buying an additional 146,701 shares during the last quarter. Morgan Stanley boosted its holdings in Honeywell International by 1.6% in the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock worth $3,275,277,000 after acquiring an additional 241,992 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Honeywell International by 1.8% in the second quarter. Geode Capital Management LLC now owns 12,849,684 shares of the conglomerate’s stock worth $2,658,924,000 after acquiring an additional 232,080 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of 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 acquiring an additional 1,374,199 shares in the last quarter. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

View Our Latest Analysis on Honeywell International

Honeywell International Trading Down 0.3 %

NASDAQ:HON opened at $193.46 on Friday. The company has a market cap of $127.54 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company has a 50 day simple moving average of $201.72 and a two-hundred day simple moving average of $192.52. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

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

Insider Activity

In related news, Director Darius Adamczyk sold 41,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 180,453 shares of the company’s stock, valued at $34,596,449.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

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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