Picton Mahoney Asset Management Has Boosted By $2.45 Million Its Honeywell Intl (HON) Holding; Brookside Capital Management Has Cut Its Northrop Grumman (NOC) Position

January 14, 2018 - By Nellie Frank

Brookside Capital Management Llc decreased Northrop Grumman Corp (NOC) stake by 76.8% reported in 2017Q3 SEC filing. Brookside Capital Management Llc sold 322,758 shares as Northrop Grumman Corp (NOC)’s stock rose 2.59%. The Brookside Capital Management Llc holds 97,485 shares with $28.05 million value, down from 420,243 last quarter. Northrop Grumman Corp now has $54.86B valuation. The stock increased 1.81% or $5.6 during the last trading session, reaching $315.15. About 706,139 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 18.39% since January 14, 2017 and is uptrending. It has outperformed by 1.69% the S&P500.

Picton Mahoney Asset Management increased Honeywell Intl Inc (HON) stake by 31.2% reported in 2017Q3 SEC filing. Picton Mahoney Asset Management acquired 17,400 shares as Honeywell Intl Inc (HON)’s stock rose 5.49%. The Picton Mahoney Asset Management holds 73,175 shares with $10.37M value, up from 55,775 last quarter. Honeywell Intl Inc now has $120.39 billion valuation. The stock increased 0.73% or $1.15 during the last trading session, reaching $159.07. About 2.34 million shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since January 14, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

Picton Mahoney Asset Management decreased Microsoft Corp (NASDAQ:MSFT) stake by 34,275 shares to 358,050 valued at $26.67 million in 2017Q3. It also reduced Nextera Energy Inc (NYSE:NEE) stake by 9,350 shares and now owns 130,000 shares. Santander Consumer Usa Hdg I (Put) (NYSE:SC) was reduced too.

Since August 2, 2017, it had 0 insider buys, and 3 sales for $48.58 million activity. 341,701 shares were sold by Mahoney Timothy O., worth $47.18M. The insider Gautam Rajeev sold $798,211. Deily Linnet F sold $601,514 worth of Honeywell International Inc. (NYSE:HON) on Monday, August 7.

Among 21 analysts covering Honeywell International Inc. (NYSE:HON), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Honeywell International Inc. had 82 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, July 17 the stock rating was maintained by Cowen & Co with “Buy”. Oppenheimer maintained it with “Buy” rating and $15500 target in Tuesday, August 8 report. Oppenheimer maintained the shares of HON in report on Monday, April 25 with “Outperform” rating. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Tuesday, October 10 by Jefferies. Jefferies maintained the stock with “Buy” rating in Friday, July 21 report. RBC Capital Markets maintained the shares of HON in report on Wednesday, April 12 with “Buy” rating. The firm has “Equal-Weight” rating given on Monday, April 18 by Barclays Capital. The rating was initiated by Robert W. Baird on Thursday, October 6 with “Outperform”. Citigroup maintained Honeywell International Inc. (NYSE:HON) on Tuesday, April 19 with “Buy” rating. As per Sunday, October 22, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.18, from 0.96 in 2017Q2. It increased, as 42 investors sold HON shares while 453 reduced holdings. 99 funds opened positions while 465 raised stakes. 562.75 million shares or 0.04% less from 562.97 million shares in 2017Q2 were reported. Basswood Capital Management Limited Com has invested 1.06% in Honeywell International Inc. (NYSE:HON). Bridgecreek Management Ltd Liability Co invested in 1.26% or 32,660 shares. 4,922 were accumulated by First Personal Financial Services. Atria Invs Limited Liability stated it has 14,264 shares or 0.11% of all its holdings. Bancorpsouth owns 15,919 shares. Dynamic Advsrs Solutions Lc has invested 0.75% in Honeywell International Inc. (NYSE:HON). Provise Management Gru Limited reported 3,980 shares. First Utd Comml Bank Trust owns 19,331 shares. 13,555 are owned by Advisory Serv Limited Liability Company. Beck Mack & Oliver Limited Liability Company has 0.03% invested in Honeywell International Inc. (NYSE:HON). Baldwin Brothers Ma holds 0.26% of its portfolio in Honeywell International Inc. (NYSE:HON) for 11,319 shares. Pennsylvania-based Vanguard Gru has invested 0.34% in Honeywell International Inc. (NYSE:HON). The Florida-based Raymond James Tru Na has invested 0.7% in Honeywell International Inc. (NYSE:HON). New Mexico Educational Retirement Board owns 0.48% invested in Honeywell International Inc. (NYSE:HON) for 70,836 shares. Nikko Asset Mgmt Americas holds 0.03% or 3,900 shares in its portfolio.

Among 17 analysts covering Northrop Grumman (NYSE:NOC), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Northrop Grumman had 51 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, May 2 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Hold” rating by Cowen & Co on Wednesday, July 26. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Thursday, May 19 report. Wolfe Research downgraded the shares of NOC in report on Thursday, October 29 to “Peer Perform” rating. The company was initiated on Thursday, January 12 by RBC Capital Markets. The rating was upgraded by Barclays Capital to “Overweight” on Thursday, November 10. RBC Capital Markets maintained it with “Buy” rating and $374.0 target in Wednesday, November 15 report. The firm earned “Buy” rating on Wednesday, October 28 by Drexel Hamilton. Stifel Nicolaus maintained Northrop Grumman Corporation (NYSE:NOC) on Monday, January 8 with “Hold” rating. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given on Thursday, August 6 by Argus Research.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on January, 25. They expect $2.74 earnings per share, up 3.01% or $0.08 from last year’s $2.66 per share. NOC’s profit will be $476.98 million for 28.75 P/E if the $2.74 EPS becomes a reality. After $3.68 actual earnings per share reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts -25.54% negative EPS growth.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.12, from 0.94 in 2017Q2. It improved, as 42 investors sold NOC shares while 273 reduced holdings. 92 funds opened positions while 242 raised stakes. 137.63 million shares or 0.84% less from 138.80 million shares in 2017Q2 were reported. Millennium Limited Liability Com stated it has 24,749 shares or 0.01% of all its holdings. Cubist Systematic Strategies Ltd Limited Liability Company holds 0.02% or 1,375 shares. Crawford Invest Counsel, a Georgia-based fund reported 5,672 shares. Montag A And Assoc holds 2,313 shares or 0.07% of its portfolio. First Fin Corporation In has invested 0.05% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). 37,479 were accumulated by Hartford Investment Mngmt. Chicago Equity Prtnrs Lc has invested 0.04% in Northrop Grumman Corporation (NYSE:NOC). Huntington Bancorp owns 74,925 shares. Natl Bank Of America Corporation De has 2.16 million shares. Williams Jones And Assoc Llc stated it has 0.01% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Wendell David Assocs has 1,282 shares. Bb&T Securities Ltd holds 7,147 shares. Putnam Fl Invest Mngmt Co reported 2,955 shares. Ubs Asset Mgmt Americas reported 576,348 shares stake. 831 are owned by Parsons Capital Management Ri.

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