Honeywell International Inc. (HON) Stake Raised by Millennium Management LLC

Millennium Management LLC increased its position in shares of Honeywell International Inc. (NYSE:HON) by 146.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,200,205 shares of the conglomerate’s stock after acquiring an additional 1,308,339 shares during the quarter. Honeywell International makes up 0.5% of Millennium Management LLC’s holdings, making the stock its 13th largest holding. Millennium Management LLC’s holdings in Honeywell International were worth $290,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in HON. Capital Financial Planning LLC purchased a new position in Honeywell International during the fourth quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in Honeywell International during the fourth quarter valued at approximately $31,000. Semmax Financial Advisors Inc. purchased a new position in Honeywell International during the fourth quarter valued at approximately $33,000. IMS Capital Management purchased a new position in Honeywell International during the third quarter valued at approximately $53,000. Finally, Vectors Research Management LLC grew its position in Honeywell International by 31.0% during the fourth quarter. Vectors Research Management LLC now owns 423 shares of the conglomerate’s stock valued at $56,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.65% of the company’s stock.

HON stock opened at $162.86 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $118.00 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $167.72.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 7.95 EPS for the current fiscal year.

HON has been the topic of a number of research analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price objective on the stock in a research report on Thursday, January 3rd. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Royal Bank of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective on the stock in a research report on Thursday, January 3rd. Finally, Deutsche Bank boosted their price objective on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $169.32.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the sale, the insider now directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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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.

Further Reading: Stock Symbol

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

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