The Mitsubishi UFJ Trust & Banking Corp Reduces Position in Honeywell International Inc. (HON)

The Mitsubishi UFJ Trust & Banking Corp Reduces Position in Honeywell International Inc. (HON)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Honeywell International Inc. (NYSE:HON) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,567,233 shares of the company’s stock after selling 14,571 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Honeywell International were worth $182,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its position in shares of Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the company’s stock valued at $100,000 after buying an additional 274 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock valued at $104,000 after buying an additional 10 shares in the last quarter. Assetmark Inc. boosted its position in shares of Honeywell International by 2.6% in the third quarter. Assetmark Inc. now owns 900 shares of the company’s stock valued at $105,000 after buying an additional 23 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Honeywell International by 150.5% in the third quarter. Global X Management Co. LLC now owns 942 shares of the company’s stock valued at $110,000 after buying an additional 566 shares in the last quarter. Finally, First Personal Financial Services boosted its position in shares of Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Honeywell International Inc. (NYSE:HON) opened at 118.06 on Thursday. The company has a market cap of $89.98 billion, a P/E ratio of 18.48 and a beta of 0.95. The company’s 50-day moving average is $116.38 and its 200-day moving average is $114.65. Honeywell International Inc. has a 52 week low of $95.89 and a 52 week high of $120.02.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.03. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The company earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts anticipate that Honeywell International Inc. will post $6.60 EPS for the current fiscal year.

Several brokerages have recently commented on HON. Stifel Nicolaus reaffirmed a “buy” rating and set a $128.00 target price on shares of Honeywell International in a report on Saturday, December 17th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $110.00 target price on shares of Honeywell International in a report on Monday, December 19th. Vetr upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 price target on the stock in a research report on Wednesday, November 16th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $122.00 price target (down previously from $128.00) on shares of Honeywell International in a research report on Wednesday, October 12th. Finally, Zacks Investment Research lowered shares of Honeywell International from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $125.74.

In other news, Director Bradley T. Sheares sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $109.99, for a total value of $329,970.00. Following the completion of the sale, the director now directly owns 7,288 shares of the company’s stock, valued at approximately $801,607.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linnet F. Deily sold 1,690 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $116.74, for a total transaction of $197,290.60. Following the completion of the sale, the director now directly owns 4,269 shares of the company’s stock, valued at $498,363.06. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.

Honeywell International Company Profile

Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.

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