Lockheed Martin Investment Management Co. Buys Shares of 19,700 Honeywell International Inc. $HON

by · The Markets Daily

Lockheed Martin Investment Management Co. purchased a new position in Honeywell International Inc. (NASDAQ:HON – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 19,700 shares of the conglomerate’s stock, valued at approximately $4,147,000.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Bank of New York Mellon Corp lifted its holdings in Honeywell International by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after acquiring an additional 48,968 shares during the last quarter. Unisphere Establishment grew its holdings in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares during the last quarter. Legal & General Group Plc raised its position in shares of Honeywell International by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after purchasing an additional 138,235 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Honeywell International by 9.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock valued at $678,935,000 after purchasing an additional 263,043 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.5%

Honeywell International stock opened at $222.54 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market capitalization of $141.29 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The firm has a 50 day simple moving average of $198.88 and a 200-day simple moving average of $209.69.

Honeywell International (NASDAQ:HON – Get Free Report) last announced its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.58 earnings per share. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a research note on Friday, January 16th. Argus lifted their price objective on shares of Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen decreased their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Morgan Stanley dropped their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Finally, Rothschild & Co Redburn reduced their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.67.

Get Our Latest Report on HON

Honeywell International Profile

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Further Reading

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