McGuire Investment Group LLC Raises Stock Holdings in Honeywell International Inc. (NYSE:HON)

McGuire Investment Group LLC boosted its position in Honeywell International Inc. (NYSE:HON) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,706 shares of the conglomerate’s stock after buying an additional 379 shares during the quarter. McGuire Investment Group LLC’s holdings in Honeywell International were worth $3,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of HON. Massachusetts Financial Services Co. MA lifted its stake in Honeywell International by 11.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 25,221,633 shares of the conglomerate’s stock worth $3,374,402,000 after purchasing an additional 2,587,342 shares during the last quarter. Capital World Investors increased its holdings in Honeywell International by 28.1% in the 1st quarter. Capital World Investors now owns 24,461,672 shares of the conglomerate’s stock worth $3,272,727,000 after buying an additional 5,361,064 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Honeywell International by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 14,088,849 shares of the conglomerate’s stock worth $1,884,947,000 after purchasing an additional 819,220 shares during the last quarter. Geode Capital Management LLC boosted its position in Honeywell International by 0.6% in the first quarter. Geode Capital Management LLC now owns 10,116,408 shares of the conglomerate’s stock worth $1,350,945,000 after purchasing an additional 58,467 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Honeywell International by 45.8% in the first quarter. Franklin Resources Inc. now owns 9,816,298 shares of the conglomerate’s stock worth $1,313,305,000 after purchasing an additional 3,085,548 shares during the last quarter. 76.31% of the stock is owned by hedge funds and other institutional investors.

HON traded up $1.26 during midday trading on Tuesday, hitting $144.75. 14,586 shares of the company were exchanged, compared to its average volume of 3,351,155. Honeywell International Inc. has a 1-year low of $101.08 and a 1-year high of $184.06. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $99.98 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 2.76 and a beta of 1.03. The company’s 50 day simple moving average is $146.51 and its 200 day simple moving average is $153.14.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.25. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.56 billion. During the same period last year, the firm earned $1.92 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 6.93 EPS for the current year.

Several equities analysts recently weighed in on HON shares. Oppenheimer reaffirmed a “hold” rating on shares of Honeywell International in a research note on Friday, May 1st. Langenberg & Company restated a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a report on Friday, May 1st. Citigroup decreased their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Royal Bank of Canada reiterated a “buy” rating and set a $143.00 price objective on shares of Honeywell International in a report on Wednesday, April 1st. Finally, Credit Suisse Group lifted their price objective on shares of Honeywell International from $148.00 to $158.00 and gave the company an “outperform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $157.06.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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