Axiom International Investors LLC DE Sells 8,073 Shares of Honeywell International Inc. (HON)

Axiom International Investors LLC DE decreased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,677 shares of the conglomerate’s stock after selling 8,073 shares during the quarter. Axiom International Investors LLC DE’s holdings in Honeywell International were worth $45,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares in the last quarter. Guidant Wealth Advisors grew its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares in the last quarter. CKW Financial Group purchased a new position in Honeywell International in the second quarter valued at about $108,000. Finally, Mascoma Wealth Management LLC grew its stake in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares in the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.

A number of brokerages have commented on HON. Cowen restated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research note on Monday. Jefferies Group restated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research note on Thursday, September 28th. UBS Group began coverage on Honeywell International in a research note on Monday. They issued a “buy” rating on the stock. Robert W. Baird restated a “buy” rating and issued a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Finally, Royal Bank of Canada boosted their target price on Honeywell International to $163.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $161.43.

Shares of Honeywell International Inc. (NYSE HON) opened at $159.59 on Wednesday. Honeywell International Inc. has a 12-month low of $117.12 and a 12-month high of $160.34. The firm has a market capitalization of $120,780.00, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International announced that its Board of Directors has authorized a share repurchase program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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