Honeywell Set to Spin Off 2 Units, but Keep Aerospace Business


The number of shares now owned by investors are 1.38 bln. Teacher Retirement System Of Texas has invested 0.57% in Honeywell International Inc.

Other hedge funds have also added to or reduced their stakes in the company.

Several Wall Street investment firms have weighed in on Honeywell International Inc. of late. Hanson McClain Inc. now owns 810 shares of the conglomerate's stock valued at $101,000 after buying an additional 3 shares during the last quarter.

That "positions the company to do meaningful acquisitions", said Harsh Acharya, analyst at Diamond Hill Capital Management Inc in Ohio. The stock has "Buy" rating by Jefferies on Tuesday, September 26. Jolley Asset Management LLC increased its stake in Honeywell International by 6.9% in the second quarter. 116,021 shares were sold by Adams Katherine L. The company, which is scheduled to report its third-quarter financial results October 20, said it expects earnings of $1.75 a share on sales of $10.1 billion in its latest quarter, up 3% from a year ago. Currently, Honeywell International profit margin for the 12 months is at 0%.

HON's revenue has grown at an average annualized rate of about 1.5% during the past five years. Washington Trust Company who had been investing in Honeywell Intl Inc for a number of months, seems to be bullish on the $109.32B market cap company. Comparing that to the 200-day simple moving average of 10.61%, we can see where the stock relatively speaking. (NYSE:HON) were released by: and their article: "Honeywell spins off units worth $7.5 billion, keeps aerospace" published on October 10, 2017 as well as's news article titled: "Honeywell seeks M&A as it keeps aero, spins off two units" with publication date: October 10, 2017. The Return on Assets for Honeywell International Inc. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $9.89 billion.

The company declared a dividend for shareholders that will be paid on Friday the 8th of December 2017. Investors of record on Friday, November 17th will be issued a $0.745 dividend. Whalerock Point Partners Lc invested 0.1% of its portfolio in Honeywell International Inc. Assetmark stated it has 0% of its portfolio in Honeywell International Inc. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US & worldwide copyright & trademark laws. If you are accessing this story on another domain, it was illegally stolen and republished in violation of global trademark & copyright legislation.

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The stock of Honeywell International Inc. 3,430 shares were sold by SHEARES BRADLEY T, worth $451,765 on Friday, May 19. The shares were sold at an average price of $136.68, for a total value of $798,211.20. The company was initiated on Wednesday, November 2 by Wedbush. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Another trade for 5,510 shares valued at $726,659 was made by Mak Jennifer H on Tuesday, May 23. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

About 1.30 million shares traded. The disclosure for this sale can be found here. Instituational ownership is important too, as it can indicate larger banks have confidence in the company. On October 9 Citigroup left the company rating at "Buy" and moved up the price target from $128.00 to $170.00. Finally, Deutsche Bank AG reaffirmed a "buy" rating and set a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. Canaccord Genuity has "Buy" rating and $34 target.

Deep diving into the technical levels for Honeywell International Inc (HON), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 132.24.

Honeywell will also integrate its smart energy business unit into its performance materials and technologies business' process solutions division in an effort to expand capabilities and facilitate metering product delivery efforts. The Company's Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers.