Sit Investment Associates INC Stake in Honeywell International INC (HON) Decreased as Share Value Declined

June 20, 2018 - By Hazel Jackson

Honeywell International Inc. (NYSE:HON) LogoInvestors sentiment decreased to 0.91 in Q1 2018. Its down 0.20, from 1.11 in 2017Q4. It dropped, as 64 investors sold HON shares while 536 reduced holdings. 110 funds opened positions while 434 raised stakes. 518.09 million shares or 2.49% less from 531.30 million shares in 2017Q4 were reported. 60,765 were reported by Dana Inc. Old Point Financial Services N A has invested 0.53% in Honeywell International Inc. (NYSE:HON). Baystate Wealth Mngmt Limited Liability Co holds 327 shares. 1832 Asset Mgmt LP owns 2.25M shares for 1.2% of their portfolio. Nuwave Ltd Liability Corporation holds 1.85% or 8,140 shares in its portfolio. North Star Inv Mngmt invested in 0.12% or 6,826 shares. Advantus Inc invested in 76,595 shares. Virginia Retirement Et Al has 0.1% invested in Honeywell International Inc. (NYSE:HON). Baker Ellis Asset Management invested in 20,906 shares. Reilly Fincl Advsrs Limited Liability Corp reported 0.29% of its portfolio in Honeywell International Inc. (NYSE:HON). Pillar Pacific Capital Mngmt Ltd Liability Co owns 62,471 shares. Blair William & Il stated it has 95,124 shares or 0.1% of all its holdings. Argent Trust owns 49,459 shares. Bain Capital Pub Equity Mgmt Limited Liability holds 570,710 shares or 6% of its portfolio. Freestone Capital Ltd Liability Company invested in 14,598 shares or 0.12% of the stock.

Since February 14, 2018, it had 0 insider purchases, and 4 sales for $18.59 million activity. Mahoney Timothy O. sold $17.20M worth of Honeywell International Inc. (NYSE:HON) on Friday, May 25. Another trade for 2,886 shares valued at $426,291 was made by Deily Linnet F on Wednesday, February 14.

Sit Investment Associates Inc decreased its stake in Honeywell International Inc (HON) by 23.31% based on its latest 2018Q1 regulatory filing with the SEC. Sit Investment Associates Inc sold 60,020 shares as the company’s stock declined 3.73% with the market. The institutional investor held 197,495 shares of the o.e.m. company at the end of 2018Q1, valued at $28.54M, down from 257,515 at the end of the previous reported quarter. Sit Investment Associates Inc who had been investing in Honeywell International Inc for a number of months, seems to be less bullish one the $109.35 billion market cap company. The stock decreased 0.60% or $0.88 during the last trading session, reaching $146.4. About 638,922 shares traded. Honeywell International Inc. (NYSE:HON) has risen 12.64% since June 20, 2017 and is uptrending. It has outperformed by 0.07% the S&P500.

Sit Investment Associates Inc, which manages about $6.54B and $4.05 billion US Long portfolio, upped its stake in Doubleline Opp Cred Fd Dbl (DBL) by 280,734 shares to 381,534 shares, valued at $8.24M in 2018Q1, according to the filing. It also increased its holding in Cognizant Tech Solutions Cl A (NASDAQ:CTSH) by 200,815 shares in the quarter, for a total of 313,435 shares, and has risen its stake in Putnam Premier Income Trust Pp (NYSE:PPT).

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on July, 20. They expect $1.99 EPS, up 10.56 % or $0.19 from last year’s $1.8 per share. HON’s profit will be $1.49B for 18.39 P/E if the $1.99 EPS becomes a reality. After $1.95 actual EPS reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 2.05 % EPS growth.

More notable recent Honeywell International Inc. (NYSE:HON) news were published by: Prnewswire.com which released: “Honeywell Launches Connected Plant Solution for Easy Health Monitoring of Midstream Gas Metering Systems” on June 19, 2018, also Seekingalpha.com with their article: “Honeywell, Dover among companies exiting Iran presence before sanctions” published on June 05, 2018, Seekingalpha.com published: “Honeywell International: Still Set For Growth” on May 30, 2018. More interesting news about Honeywell International Inc. (NYSE:HON) were released by: Seekingalpha.com and their article: “Honeywell: A Dividend Stock With Low Upside” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “Honeywell declares war on fixed costs” with publication date: May 22, 2018.

Honeywell International Inc. (NYSE:HON) Ratings Coverage

Among 10 analysts covering Honeywell International (NYSE:HON), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Honeywell International has $191.0 highest and $15700 lowest target. $172.56’s average target is 17.87% above currents $146.4 stock price. Honeywell International had 17 analyst reports since December 22, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Sunday, January 28 by Jefferies. The stock of Honeywell International Inc. (NYSE:HON) has “Hold” rating given on Friday, January 19 by Credit Suisse. The company was maintained on Monday, April 30 by Oppenheimer. Stifel Nicolaus maintained Honeywell International Inc. (NYSE:HON) on Monday, April 23 with “Buy” rating. RBC Capital Markets downgraded it to “Hold” rating and $158.0 target in Wednesday, January 3 report. Stifel Nicolaus maintained it with “Buy” rating and $185.0 target in Friday, January 19 report. Barclays Capital maintained the shares of HON in report on Monday, April 23 with “Overweight” rating. As per Tuesday, February 20, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Thursday, February 15 by Stifel Nicolaus. The company was maintained on Tuesday, April 3 by Stifel Nicolaus.

Honeywell International Inc. (NYSE:HON) Institutional Positions Chart

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