Honeywell International Inc. (NYSE:HON) has seen a decrease in enthusiasm from smart money of late.
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Now, it’s important to take a look at the key action regarding Honeywell International Inc. (NYSE:HON).
What does the smart money think about Honeywell International Inc. (NYSE:HON)?
In preparation for this quarter, a total of 30 of the hedge funds we track were bullish in this stock, a change of -9% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their holdings considerably.
Seeing as Honeywell International Inc. (NYSE:HON) has witnessed a declination in interest from the smart money, it’s safe to say that there exists a select few funds that elected to cut their entire stakes in Q1. At the top of the heap, Larry Foley and Paul Farrell’s Bronson Point Partners sold off the largest investment of all the hedgies we watch, valued at about $45.4 million in stock., and D. E. Shaw of D E Shaw was right behind this move, as the fund said goodbye to about $10.4 million worth. These transactions are interesting, as total hedge fund interest dropped by 3 funds in Q1.
What have insiders been doing with Honeywell International Inc. (NYSE:HON)?
Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has seen transactions within the past 180 days. Over the last 180-day time frame, Honeywell International Inc. (NYSE:HON) has experienced zero unique insiders buying, and 9 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Honeywell International Inc. (NYSE:HON). These stocks are Cummins Inc. (NYSE:CMI), Illinois Tool Works Inc. (NYSE:ITW), Koninklijke Philips Electronics NV (ADR) (NYSE:PHG), Siemens AG (ADR) (NYSE:SI), and Danaher Corporation (NYSE:DHR). All of these stocks are in the diversified machinery industry and their market caps resemble HON’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Cummins Inc. (NYSE:CMI) | 34 | 0 | 8 |
| Illinois Tool Works Inc. (NYSE:ITW) | 25 | 0 | 7 |
| Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) | 11 | 0 | 0 |
| Siemens AG (ADR) (NYSE:SI) | 12 | 0 | 0 |
| Danaher Corporation (NYSE:DHR) | 40 | 0 | 9 |
With the returns exhibited by our studies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Honeywell International Inc. (NYSE:HON) is an important part of this process.
