As Honeywell Intl INC (HON) Share Price Declined, Brookside Capital Management LLC Trimmed Holding by $20.26 Million

April 16, 2018 - By Rusty Cady

Honeywell International Inc. (NYSE:HON) LogoInvestors sentiment decreased to 1.11 in 2017 Q4. Its down 0.03, from 1.14 in 2017Q3. It turned negative, as 42 investors sold HON shares while 490 reduced holdings. 154 funds opened positions while 439 raised stakes. 531.30 million shares or 5.59% less from 562.75 million shares in 2017Q3 were reported. Aviance Cap Limited Liability Corp, Florida-based fund reported 432 shares. Central National Bank & Trust Com invested in 36,818 shares or 1.36% of the stock. Truenorth holds 7,235 shares or 0.5% of its portfolio. First Mercantile Trust Comm invested in 0.76% or 25,430 shares. Independence Trust Com owns 1,802 shares. Schroder Invest Mngmt reported 760,816 shares. Wendell David Assoc holds 0.33% or 12,525 shares. Atlas Browninc has 1,271 shares. Hap Trading Ltd Co stated it has 0.1% in Honeywell International Inc. (NYSE:HON). Sterling Limited Liability holds 0.95% of its portfolio in Honeywell International Inc. (NYSE:HON) for 685,721 shares. Aqr Mgmt owns 1.78 million shares for 0.29% of their portfolio. Marietta Inv Prtnrs Lc has 0.4% invested in Honeywell International Inc. (NYSE:HON) for 9,098 shares. Teacher Retirement System Of Texas has invested 0.49% in Honeywell International Inc. (NYSE:HON). Brookmont Cap Management accumulated 2.55% or 38,573 shares. Cabot accumulated 2,640 shares.

Since February 14, 2018, it had 0 insider purchases, and 2 sales for $874,731 activity. On Monday, February 26 the insider PARDO JAIME CHICO /FA sold $448,440.

Bain Capital decreased its stake in Honeywell Intl Inc (HON) by 35.84% based on its latest 2017Q4 regulatory filing with the SEC. Brookside Capital Management Llc sold 132,432 shares as the company’s stock declined 5.96% with the market. The hedge fund run by Bain Capital held 237,085 shares of the o.e.m. company at the end of 2017Q4, valued at $36.36 million, down from 369,517 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Honeywell Intl Inc for a number of months, seems to be less bullish one the $110.81B market cap company. The stock increased 1.33% or $1.95 during the last trading session, reaching $148.07. About 803,452 shares traded. Honeywell International Inc. (NYSE:HON) has risen 15.94% since April 16, 2017 and is uptrending. It has outperformed by 4.39% the S&P500.

Brookside Capital Management Llc, which manages about $1.38 billion US Long portfolio, upped its stake in Nxp Semiconductors Nv (NASDAQ:NXPI) by 123,747 shares to 692,809 shares, valued at $81.12 million in 2017Q4, according to the filing. It also increased its holding in Immune Design Corp (NASDAQ:IMDZ) by 2.02 million shares in the quarter, for a total of 3.32 million shares, and has risen its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on April, 20. They expect $1.88 EPS, up 13.25 % or $0.22 from last year’s $1.66 per share. HON’s profit will be $1.41B for 19.69 P/E if the $1.88 EPS becomes a reality. After $1.85 actual EPS reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 1.62 % EPS growth.

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 had 22 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, February 15 with “Buy”. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Sunday, January 28 by Jefferies. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, December 10. The rating was maintained by Jefferies with “Buy” on Thursday, December 14. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Stifel Nicolaus on Thursday, March 1. The firm has “Buy” rating by Robert W. Baird given on Tuesday, February 20. As per Thursday, October 19, the company rating was maintained by Cowen & Co. RBC Capital Markets maintained the shares of HON in report on Wednesday, December 13 with “Buy” rating. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Robert W. Baird on Friday, January 26. The rating was maintained by Stifel Nicolaus on Friday, January 19 with “Buy”.

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

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