Investec Asset Management LTD boosted its holdings in Honeywell International Inc. (NYSE:HON) by 24.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,860,960 shares of the conglomerate’s stock after purchasing an additional 363,213 shares during the period. Honeywell International accounts for 1.2% of Investec Asset Management LTD’s portfolio, making the stock its 26th largest holding. Investec Asset Management LTD’s holdings in Honeywell International were worth $263,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Burt Wealth Advisors grew its stake in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the last quarter. Mosaic Family Wealth LLC grew its stake in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the last quarter. Guidant Wealth Advisors grew its stake in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the last quarter. Mascoma Wealth Management LLC grew its stake in Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the last quarter. Finally, CKW Financial Group bought a new stake in Honeywell International during the second quarter worth about $108,000. 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 the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on 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 owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.

Several analysts have weighed in on HON shares. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen reissued a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research note on Thursday, October 19th. Argus increased their price target on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $156.00 price target (up from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Finally, Citigroup increased their price target 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $161.43.

Shares of Honeywell International Inc. (NYSE:HON) opened at $159.97 on Thursday. Honeywell International Inc. has a 52 week low of $117.12 and a 52 week high of $160.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The company has a market cap of $120,779.36, a P/E ratio of 24.24, a PEG ratio of 2.43 and a beta of 0.99.

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

COPYRIGHT VIOLATION WARNING: “Investec Asset Management LTD Has $263.77 Million Position in Honeywell International Inc. (HON)” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://theolympiareport.com/2018/01/25/investec-asset-management-ltd-has-263-77-million-position-in-honeywell-international-inc-hon.html.

Honeywell International 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.

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)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.