Catalyst Capital Advisors LLC Holds Holding in Honeywell Intl INC (HON)

20 October, 2017, 21:38 | Author: Leticia Walters

(NYSE:HON). 420,000 were reported by Ubs Oconnor Llc. Following the sale, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. Dean Capital Management owns 60,949 shares or 2.14% of their United States portfolio. Jefferies Group LLC reissued a "buy" rating and issued a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HON. Waldron LP lifted its position in Honeywell International by 70.0% in the first quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate's stock worth $102,000 after acquiring an additional 104 shares in the last quarter. Sandler Capital Management owns 337,576 shares or 1.49% of their U.S. portfolio.

Btc Capital Management Inc decreased Norfolk Southern Corp (NYSE:NSC) stake by 4,416 shares to 36,799 valued at $4.48M in 2017Q2. Hanson McClain Inc. grew its position in shares of Honeywell International by 0.4% during the 1st quarter. The Foster & Motley Inc holds 37,274 shares with $4.97 million value, down from 45,198 last quarter. Finally, Enterprise Financial Services Corp grew its position in shares of Honeywell International by 48.4% during the 2nd quarter.

A closer analysis of the company reveals that it trades at a P/E ratio of 22x, which is a discount as compared to other industrial conglomerates such as General Electric Company (NYSE:GE) whose P/E is 27x, and Danaher Corporation (NYSE:DHR), which trades at a P/E ratio of 28x. (NYSE:HON). Janney Ltd invested in 0.92% or 146,427 shares. The company was maintained on Wednesday, August 16 by Morgan Stanley. Zacks Investment Research lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Tuesday, July 18th. As per Thursday, September 28, the company rating was maintained by RBC Capital Markets. On September 22 Morgan Stanley held the company rating at "Overweight" and raised the price expectation to $149.00 from $145.00.

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The stock is trading at $143.62 slightly over $140.57, the 50 day moving average and just above the 200 day moving average of $134.89. The company has market cap of $109.22 billion.

Research analysts at Oppenheimer Holdings upped their Q3 2017 earnings per share (EPS) estimates for Honeywell International in a research note issued to investors on Monday. During the same period in the previous year, the company posted $1.70 earnings per share.

The company said revenue for the quarter rose 3.3% to $10.12 billion.

Since the start of the New Year, Honeywell International Inc.

Sales in Honeywell's aerospace business, its biggest, rose 4 percent on an organic basis in the third quarter ended September 30, while its PMT unit's sales jumped 10 percent in the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. This represents a $2.98 annualized dividend and a yield of 2.07%. Jennison Limited Liability Corporation stated it has 0.04% in Honeywell International Inc. Honeywell International Inc.'s PEG is 2.81.

In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction on Monday, August 7th.

On 8/23/2017 Rajeev Gautam, Insider, sold 5,840 with an average share price of $136.68 per share and the total transaction amounting to $798,211.20. Following the sale, the vice president now directly owns 1,363 shares of the company's stock, valued at $186,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. BidaskClub downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, July 31st. The stock's current RSI reading is at 65.43. Shell Asset Mgmt accumulated 163,352 shares or 0.54% of the stock. The disclosure for this sale can be found here.

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