Brookside Capital Management LLC Decreased Its Honeywell Intl INC (HON) Position by $20.26 Million; Share Value Declined

April 16, 2018 - By Peter Erickson

Honeywell International Inc. (NYSE:HON) LogoInvestors sentiment decreased to 1.11 in Q4 2017. Its down 0.03, from 1.14 in 2017Q3. It is 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. D E Shaw holds 0.12% of its portfolio in Honeywell International Inc. (NYSE:HON) for 578,034 shares. Atwood Palmer holds 2,300 shares. Blue Fin has 0.23% invested in Honeywell International Inc. (NYSE:HON) for 2,558 shares. Pinnacle Finance Prtn holds 49,986 shares or 0.81% of its portfolio. State Of Wisconsin Invest Board accumulated 1.02M shares. Confluence Wealth Management Limited Liability Company accumulated 8,953 shares. 10,470 were accumulated by Meiji Yasuda Life. Meristem Llp invested in 0.28% or 5,026 shares. Benjamin F Edwards & invested in 6,952 shares. Rathbone Brothers Pcl holds 76,909 shares or 0.48% of its portfolio. Crossvault Cap Mgmt Ltd Co holds 3.81% in Honeywell International Inc. (NYSE:HON) or 47,127 shares. Dekabank Deutsche Girozentrale accumulated 228,491 shares or 0.25% of the stock. Tower Bridge Advsrs invested in 6,557 shares or 0.11% of the stock. Clifford Swan Inv Counsel Limited Liability Corporation invested in 0.78% or 93,855 shares. Commonwealth Of Pennsylvania School Empls Retrmt System has invested 0.14% of its portfolio in Honeywell International Inc. (NYSE:HON).

Since February 14, 2018, it had 0 insider purchases, and 2 selling transactions for $874,731 activity. Deily Linnet F sold 2,886 shares worth $426,291.

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 $36.36M, 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 $1.38B US Long portfolio, upped its stake in Johnson Ctls Intl Plc by 244,365 shares to 264,565 shares, valued at $10.08M in 2017Q4, according to the filing. It also increased its holding in Mulesoft Inc by 513,336 shares in the quarter, for a total of 1.40M shares, and has risen its stake in Ultimate Software Group Inc (NASDAQ:ULTI).

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 RBC Capital Markets on Wednesday, December 13 with “Buy”. As per Monday, January 29, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the shares of HON in report on Thursday, February 15 with “Buy” rating. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by RBC Capital Markets on Sunday, October 22. The company was maintained on Friday, October 20 by Vertical Research. The company was maintained on Thursday, March 1 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of HON in report on Tuesday, April 3 with “Buy” rating. RBC Capital Markets downgraded it to “Hold” rating and $158.0 target in Wednesday, January 3 report. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Robert W. Baird on Friday, January 26. Jefferies maintained Honeywell International Inc. (NYSE:HON) on Sunday, January 28 with “Buy” rating.

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

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