Caldwell & Orkin Inc. Acquires New Holdings in Honeywell International Inc. (HON)

Caldwell & Orkin Inc. acquired a new stake in Honeywell International Inc. (NYSE:HON) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 18,585 shares of the conglomerate’s stock, valued at approximately $2,634,000. Honeywell International accounts for about 2.7% of Caldwell & Orkin Inc.’s holdings, making the stock its 11th largest position.

Other large investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in shares of Honeywell International in the second quarter valued at about $307,000. Stock Yards Bank & Trust Co. grew its stake in shares of Honeywell International by 1.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 15,075 shares of the conglomerate’s stock valued at $2,009,000 after acquiring an additional 233 shares in the last quarter. BKD Wealth Advisors LLC grew its stake in shares of Honeywell International by 1.1% in the second quarter. BKD Wealth Advisors LLC now owns 4,595 shares of the conglomerate’s stock valued at $612,000 after acquiring an additional 48 shares in the last quarter. Cardinal Capital Management Inc. grew its stake in shares of Honeywell International by 4.3% in the second quarter. Cardinal Capital Management Inc. now owns 120,998 shares of the conglomerate’s stock valued at $16,128,000 after acquiring an additional 4,945 shares in the last quarter. Finally, Highwater Wealth Management LLC acquired a new position in shares of Honeywell International in the second quarter valued at about $262,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

HON has been the topic of several research reports. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Deutsche Bank restated a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Morgan Stanley upped their price target on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Jefferies Group restated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Citigroup upped 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 thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $160.14.

Shares of Honeywell International Inc. (HON) opened at $159.07 on Friday. Honeywell International Inc. has a 52-week low of $116.66 and a 52-week high of $159.49. 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 firm has a market cap of $120,390.00, a PE ratio of 24.10, a P/E/G ratio of 2.41 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. Honeywell International’s revenue was up 3.2% compared to the same quarter last year. analysts expect that Honeywell International Inc. will post 7.1 EPS for the current fiscal year.

Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

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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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