Fifth Third Bancorp Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

Fifth Third Bancorp grew its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,079 shares of the conglomerate’s stock after buying an additional 4,408 shares during the quarter. Fifth Third Bancorp’s holdings in Honeywell International were worth $113,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. L. Roy Papp & Associates LLP lifted its holdings in shares of Honeywell International by 1.7% during the 2nd quarter. L. Roy Papp & Associates LLP now owns 3,014 shares of the conglomerate’s stock valued at $625,000 after buying an additional 50 shares during the period. 1776 Wealth LLC raised its holdings in Honeywell International by 2.7% in the 4th quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock worth $411,000 after purchasing an additional 50 shares during the period. Exchange Capital Management Inc. raised its holdings in Honeywell International by 0.3% in the 2nd quarter. Exchange Capital Management Inc. now owns 16,947 shares of the conglomerate’s stock worth $3,517,000 after purchasing an additional 52 shares during the period. Key Financial Inc raised its holdings in Honeywell International by 3.9% in the 2nd quarter. Key Financial Inc now owns 1,392 shares of the conglomerate’s stock worth $289,000 after purchasing an additional 52 shares during the period. Finally, Gilbert & Cook Inc. raised its holdings in Honeywell International by 1.9% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,885 shares of the conglomerate’s stock worth $599,000 after purchasing an additional 53 shares during the period. 74.61% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.57 during trading on Friday, reaching $201.10. 2,429,309 shares of the stock traded hands, compared to its average volume of 2,609,036. The company has a market capitalization of $132.58 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.37 and a beta of 1.05. The business has a fifty day simple moving average of $198.34 and a two-hundred day simple moving average of $193.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 1.01. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $217.02.

Honeywell International (NASDAQ:HON – Get Free Report) last issued its quarterly earnings data on Thursday, October 26th. The conglomerate reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.23 billion. Honeywell International had a return on equity of 34.63% and a net margin of 14.87%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 9.16 EPS for the current year.

Insider Activity

In other news, Director Darius Adamczyk sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $191.72, for a total transaction of $7,860,520.00. Following the completion of the transaction, the director now owns 180,453 shares in the company, valued at $34,596,449.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HON shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $210.00 target price on shares of Honeywell International in a report on Thursday, November 30th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Finally, Wells Fargo & Company increased their price target on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $213.90.

View Our Latest Stock Report on Honeywell International

Honeywell International Company Profile

(Free Report)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity and management services.

See Also

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