Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Honeywell International Inc. (NYSE:HON) by 15.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,141 shares of the conglomerate’s stock after selling 27,450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Honeywell International were worth $21,139,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 purchasing an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after purchasing an additional 207,142 shares in the last quarter. FMR LLC boosted its stake in shares of Honeywell International by 9.3% during the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Honeywell International by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.

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

A number of equities research analysts have recently weighed in on HON shares. Robert W. Baird reaffirmed a “buy” rating and set a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Citigroup lifted their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Thursday, September 21st. Deutsche Bank reaffirmed a “buy” rating and set a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research note on Thursday, September 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $160.14.

Honeywell International Inc. (NYSE:HON) opened at $157.78 on Friday. Honeywell International Inc. has a 12-month low of $116.98 and a 12-month high of $159.85. The stock has a market cap of $119,410.00, a PE ratio of 23.91, a P/E/G ratio of 2.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the company posted $1.60 EPS. Honeywell International’s revenue was up 3.2% on a year-over-year basis. equities analysts anticipate that Honeywell International Inc. will post 7.1 earnings per share for the current year.

Honeywell International declared that its Board of Directors has initiated a share repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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About Honeywell International

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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