South State Corp cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,857 shares of the conglomerate’s stock after selling 475 shares during the period. Honeywell International comprises about 1.1% of South State Corp’s investment portfolio, making the stock its 17th biggest position. South State Corp’s holdings in Honeywell International were worth $10,185,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of HON. Burt Wealth Advisors raised its holdings in 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 acquiring an additional 300 shares during the period. Guidant Wealth Advisors raised its holdings in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Mosaic Family Wealth LLC raised its holdings in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the period. CKW Financial Group bought a new stake in Honeywell International during the second quarter valued at about $108,000. Finally, Mascoma Wealth Management LLC increased its holdings in shares of Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International 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 transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International 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 transaction, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Several brokerages have recently issued reports on HON. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a report on Thursday, September 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $156.00 target price (up from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Royal Bank of Canada lifted their target price on Honeywell International to $163.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Stifel Nicolaus reduced their target price on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Finally, Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $160.14.

Honeywell International Inc. (NYSE HON) opened at $158.69 on Monday. The company has a market capitalization of $120,100.00, a PE ratio of 24.04, a P/E/G ratio of 2.41 and a beta of 0.99. Honeywell International Inc. has a 12-month low of $116.98 and a 12-month high of $159.85. 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 (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.60 earnings per share. analysts expect that Honeywell International Inc. will post 7.1 EPS for the current year.

Honeywell International declared that its Board of Directors has initiated a stock buyback plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are 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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