Gofen & Glossberg LLC IL Has $26.61 Million Stake in Honeywell International Inc. (HON)

Gofen & Glossberg LLC IL lessened its position in Honeywell International Inc. (NYSE:HON) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,707 shares of the conglomerate’s stock after selling 1,448 shares during the quarter. Honeywell International accounts for 1.0% of Gofen & Glossberg LLC IL’s portfolio, making the stock its 26th largest position. Gofen & Glossberg LLC IL’s holdings in Honeywell International were worth $26,606,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Schulhoff & Co. Inc. lifted its holdings in shares of Honeywell International by 1.8% in the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after acquiring an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after buying an additional 11,091 shares in the last quarter. AGF Investments America Inc. lifted its holdings in Honeywell International by 3.6% during the 2nd quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock valued at $6,358,000 after buying an additional 1,668 shares in the last quarter. BlackRock Inc. lifted its holdings in Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Finally, Veritable L.P. lifted its holdings in Honeywell International by 2.6% during the 2nd quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock valued at $4,300,000 after buying an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 76.52% of the company’s stock.

Honeywell International Inc. (NYSE HON) opened at $151.19 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $114,581.09, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. Honeywell International Inc. has a 12-month low of $119.31 and a 12-month high of $165.13.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 EPS. equities research analysts expect that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.

Honeywell International declared that its board has approved a share repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts recently weighed in on HON shares. Deutsche Bank reiterated a “buy” rating and set a $171.00 price objective on shares of Honeywell International in a report on Tuesday, November 28th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Oppenheimer lifted their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $163.93.

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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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