Honeywell Safety & Productivity Sales Jump 21% In Q3

Andrew Cummings
October 21, 2017

The other 15, though not evenly; between analysts who think you should buy Honeywell International Inc. versus those who think you should sell it.

A number of institutional investors and hedge funds have recently made changes to their positions in HON.

Cost cutting helped boost third-quarter profit margins from the business segments by 1.2 percentage points from a year earlier to 18.7%. Waldron LP lifted its position in Honeywell International by 70.0% in the first quarter. Looking back over the last month, shares have performed 4.13%. (NYSE:HON). Baldwin Brothers Ma stated it has 0.24% in Honeywell International Inc. Jolley Asset Management LLC now owns 775 shares of the conglomerate's stock valued at $103,000 after purchasing an additional 50 shares in the last quarter. CKW Financial Group purchased a new stake in Honeywell International in the 2nd quarter worth about $108,000. Honeywell International makes up 2.9% of Donaldson Capital Management LLC's portfolio, making the stock its 13th biggest holding. Capital Insight Partners LLC now owns 21,133 shares of the conglomerate's stock valued at $2,639,000 after acquiring an additional 329 shares during the last quarter.


Other equities research analysts also recently issued reports about the company. Citigroup initiated the stock with "Buy" rating in Thursday, January 21 report. The stock rose 0.22% or $0.32 reaching $143.94. Morgan Stanley restated an "overweight" rating and set a $141.00 price target (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd.

Among 2 analysts covering CTS Corp (NYSE:CTS), 1 have Buy rating, 0 Sell and 1 Hold. The company now has an average rating of "Buy" and a consensus target price of $149.52.

TRADEMARK VIOLATION WARNING: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark laws. The legal version of this report can be read at https://www.truebluetribune.com/2017/10/20/conning-inc-has-7-35-million-stake-in-honeywell-international-inc-hon.html. Also, VP Jennifer H. Mak sold 420 shares of the firm's stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Sell-side analysts have also provided a consensus recommendation of 1.90 on company shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 917,872 shares of the stock traded hands. There are brokerage firms with lower targets than the average, including one setting a price target of $135. Following the completion of the sale, the insider now directly owns 16,597 shares of the company's stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. SHEARES BRADLEY T had sold 3,430 shares worth $451,765. On average, equities research analysts forecast that Honeywell International will post $7.09 EPS for the current year. (NYSE:HON) or 116,021 shares. After a recent look, shares have been seen 9.60% from the 200-day moving average, and 3.03% from the 50-day moving average. The firm has a market cap of $109.27 billion, a PE ratio of 22.279 and a beta of 0.95. For the last period, the company reported quarter over quarter EPS growth of 5.70% and quarter over quarter sales growth of 0.90%. The conglomerate reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.02. Analysts' estimates typically exclude special items. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%.


The company reiterated a full-year target for adjusted earnings per share of $7.05 to $7.10 and said sales will be as much as $40.4 billion. -Earnings Growth (Y-o-Y): 8.9% -EPS (Q3): $1.75 vs. $1.60 previous year.

On 2/9/2017 announced a quarterly dividend of $0.67 2.13% with an ex dividend date of 2/22/2017 which will be payable on 2/24/2017. Calamos Wealth Limited Liability has invested 0.83% in Intercontinental Exchange Inc (NYSE:ICE). Honeywell International Inc. (NYSE:HON) has risen 17.66% since October 20, 2016 and is uptrending.

Foster & Motley Inc decreased Honeywell International (HON) stake by 17.53% reported in 2017Q2 SEC filing. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.


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