1St Source Bank Increased Its Honeywell International INC (HON) Stake by $3.38 Million as Valuation Declined

September 8, 2018 - By Vernon Prom

Honeywell International Inc. (NYSE:HON) LogoInvestors sentiment decreased to 0.91 in Q1 2018. Its down 0.20, from 1.11 in 2017Q4. It is negative, 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. Sva Plumb Wealth Ltd Limited Liability Company holds 0.59% or 33,502 shares in its portfolio. Intersect Cap Ltd Limited Liability Company holds 0.16% or 2,120 shares. Moreover, Kentucky Retirement Ins Fund has 0.49% invested in Honeywell International Inc. (NYSE:HON). Mairs And stated it has 2.07 million shares. Rhumbline Advisers holds 1.29 million shares. Hudock Cap Limited Liability Corp reported 0.09% in Honeywell International Inc. (NYSE:HON). Japan-based Daiwa Sb Ltd has invested 0.25% in Honeywell International Inc. (NYSE:HON). Usca Ria holds 0.14% of its portfolio in Honeywell International Inc. (NYSE:HON) for 8,818 shares. Blb&B Lc reported 0.52% stake. Bainco Invsts reported 1.69% stake. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma holds 13,105 shares. Hourglass Cap Ltd Liability Co holds 0.06% or 1,850 shares in its portfolio. North Carolina-based Sheets Smith Wealth Mngmt has invested 0.42% in Honeywell International Inc. (NYSE:HON). Voya Investment Management Ltd stated it has 0.2% of its portfolio in Honeywell International Inc. (NYSE:HON). 16,830 were reported by Hudson Valley Advisors Adv.

Since May 25, 2018, it had 0 insider buys, and 3 sales for $19.30 million activity. Mahoney Timothy O. had sold 114,489 shares worth $17.20 million on Friday, May 25. PARDO JAIME CHICO /FA had sold 3,426 shares worth $515,921 on Friday, May 25.

1St Source Bank increased its stake in Honeywell International Inc (HON) by 22.21% based on its latest 2018Q1 regulatory filing with the SEC. 1St Source Bank bought 23,440 shares as the company’s stock declined 3.73% with the market. The institutional investor held 128,964 shares of the o.e.m. company at the end of 2018Q1, valued at $18.64 million, up from 105,524 at the end of the previous reported quarter. 1St Source Bank who had been investing in Honeywell International Inc for a number of months, seems to be bullish on the $120.90B market cap company. The stock decreased 0.73% or $1.2 during the last trading session, reaching $162.81. About 2.77M shares traded or 4.50% up from the average. Honeywell International Inc. (NYSE:HON) has risen 12.64% since September 8, 2017 and is uptrending. It has outperformed by 0.07% the S&P500.

More recent Honeywell International Inc. (NYSE:HON) news were published by: Seekingalpha.com which released: “Honeywell International: Impressive Free Cash Flow Growth” on August 16, 2018. Also Seekingalpha.com published the news titled: “Honeywell’s Focused Business Structure Looks Appealing” on August 14, 2018. Seekingalpha.com‘s news article titled: “Honeywell declares spin-off dividend of Garrett Shares” with publication date: September 05, 2018 was also an interesting one.

Honeywell International Inc. (NYSE:HON) Ratings Coverage

Among 8 analysts covering Honeywell International (NYSE:HON), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Honeywell International had 11 analyst reports since April 3, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Tuesday, April 3 with “Buy”. Citigroup maintained the shares of HON in report on Monday, July 23 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Thursday, July 12. Barclays Capital maintained Honeywell International Inc. (NYSE:HON) on Friday, August 24 with “Overweight” rating. Stifel Nicolaus maintained Honeywell International Inc. (NYSE:HON) on Monday, April 23 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Monday, July 23. JP Morgan maintained Honeywell International Inc. (NYSE:HON) on Monday, July 23 with “Overweight” rating. The stock has “Buy” rating by UBS on Thursday, August 30. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Oppenheimer on Monday, April 30. The firm has “Overweight” rating by Barclays Capital given on Monday, April 23.

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

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