As Honeywell Intl (HON) Stock Price Rose, Shareholder Harvey Capital Management Has Trimmed Its Stake by $1.81 Million; Costco Wholesale (COST) Shareholder Metropolitan Life Insurance Company Has Lowered Holding

February 25, 2018 - By Clifton Ray

Harvey Capital Management Inc decreased its stake in Honeywell Intl Inc (HON) by 25.95% based on its latest 2017Q3 regulatory filing with the SEC. Harvey Capital Management Inc sold 12,850 shares as the company’s stock rose 5.49% with the market. The institutional investor held 36,670 shares of the o.e.m. company at the end of 2017Q3, valued at $5.20 million, down from 49,520 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Honeywell Intl Inc for a number of months, seems to be less bullish one the $116.65 billion market cap company. The stock increased 1.18% or $1.81 during the last trading session, reaching $155.12. About 3.17M shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since February 25, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

Metropolitan Life Insurance Company decreased its stake in Costco Wholesale Corp (COST) by 1.7% based on its latest 2017Q3 regulatory filing with the SEC. Metropolitan Life Insurance Company sold 3,933 shares as the company’s stock rose 1.54% with the market. The institutional investor held 228,094 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $37.47 million, down from 232,027 at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Costco Wholesale Corp for a number of months, seems to be less bullish one the $83.35B market cap company. The stock increased 1.73% or $3.22 during the last trading session, reaching $189.81. About 1.56M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since February 25, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on April, 20. They expect $1.88 earnings per share, up 13.25% or $0.22 from last year’s $1.66 per share. HON’s profit will be $1.41B for 20.63 P/E if the $1.88 EPS becomes a reality. After $1.85 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 1.62% EPS growth.

Harvey Capital Management Inc, which manages about $386.73M and $247.86 million US Long portfolio, upped its stake in Ulta Beauty Inc Com (NASDAQ:ULTA) by 2,000 shares to 4,700 shares, valued at $1.06M in 2017Q3, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 40,195 shares in the quarter, for a total of 124,635 shares, and has risen its stake in Raytheon Company (NYSE:RTN).

Since February 14, 2018, it had 0 insider buys, and 1 sale for $426,291 activity.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.18, from 0.96 in 2017Q2. It improved, 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. Bainco Interest holds 1.47% or 86,894 shares in its portfolio. Df Dent & invested in 0.01% or 1,520 shares. Murphy Mgmt stated it has 51,326 shares or 1.04% of all its holdings. Strategy Asset Managers Llc holds 78,095 shares or 2.27% of its portfolio. Palisade Capital Mngmt Ltd Liability Co Nj invested 0.17% in Honeywell International Inc. (NYSE:HON). Joel Isaacson Limited Liability invested in 0.08% or 3,144 shares. First Midwest State Bank Division has 41,847 shares for 0.72% of their portfolio. Gotham Asset Mgmt Limited invested 0.64% in Honeywell International Inc. (NYSE:HON). Essex Finance Ser Inc reported 13,140 shares or 0.46% of all its holdings. Hm Payson And holds 0.05% in Honeywell International Inc. (NYSE:HON) or 8,564 shares. Vantage Invest Prtnrs invested in 90,179 shares. Moreover, Winfield Inc has 0.03% invested in Honeywell International Inc. (NYSE:HON) for 382 shares. 26,578 are owned by Seabridge Invest Advsrs Ltd Liability Corporation. Starr Intl Inc holds 20,000 shares or 0.26% of its portfolio. 4,300 are held by Montgomery Mgmt.

Among 21 analysts covering Honeywell International Inc. (NYSE:HON), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Honeywell International Inc. had 92 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 15 by Stifel Nicolaus. RBC Capital Markets downgraded it to “Hold” rating and $158.0 target in Wednesday, January 3 report. Barclays Capital maintained the shares of HON in report on Monday, October 5 with “Overweight” rating. Citigroup maintained the stock with “Buy” rating in Monday, April 25 report. The firm has “Buy” rating by Cowen & Co given on Monday, July 17. The company was maintained on Monday, October 10 by RBC Capital Markets. The stock of Honeywell International Inc. (NYSE:HON) has “Hold” rating given on Friday, January 19 by Credit Suisse. The company was maintained on Tuesday, October 20 by S&P Research. Citigroup initiated Honeywell International Inc. (NYSE:HON) on Thursday, January 21 with “Buy” rating. The firm has “Buy” rating by Argus Research given on Tuesday, October 20.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on March, 7 after the close. They expect $1.45 earnings per share, up 23.93% or $0.28 from last year’s $1.17 per share. COST’s profit will be $636.71 million for 32.73 P/E if the $1.45 EPS becomes a reality. After $1.36 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 6.62% EPS growth.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.09, from 1.28 in 2017Q2. It dived, as 69 investors sold COST shares while 383 reduced holdings. 103 funds opened positions while 433 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. Brown Advisory Secs Limited Liability Com invested in 0.42% or 11,888 shares. Mu Invests Co reported 28,500 shares. Markel owns 39,000 shares or 0.13% of their US portfolio. Fundx Inv Group Limited Liability Corp reported 1,832 shares. 58,552 are owned by Kayne Anderson Rudnick Invest Management Limited Liability Company. Geode Cap Limited holds 0.3% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 4.89M shares. Bailard invested 0.44% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Edge Wealth Mgmt Ltd Liability reported 0.3% in Costco Wholesale Corporation (NASDAQ:COST). Fifth Third Bancshares reported 0.02% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Texas Permanent School Fund reported 121,547 shares. Moreover, Canandaigua Bancorporation & Tru has 0.06% invested in Costco Wholesale Corporation (NASDAQ:COST). Madrona Services Ltd Llc holds 3,805 shares or 0.57% of its portfolio. Rmb Capital Management Ltd Limited Liability Company has 0.03% invested in Costco Wholesale Corporation (NASDAQ:COST) for 8,211 shares. Vision Cap Inc holds 1.05% or 20,160 shares in its portfolio. Avalon Advsrs Ltd Com owns 53,308 shares or 0.28% of their US portfolio.

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 22 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Costco Wholesale had 121 analyst reports since August 24, 2015 according to SRatingsIntel. Bernstein initiated Costco Wholesale Corporation (NASDAQ:COST) rating on Monday, February 6. Bernstein has “Mkt Perform” rating and $170 target. The firm has “Buy” rating by Deutsche Bank given on Monday, May 16. The rating was maintained by Jefferies with “Hold” on Friday, December 15. UBS upgraded the shares of COST in report on Monday, October 26 to “Buy” rating. Sterne Agee CRT maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, October 2 with “Buy” rating. The firm has “Outperform” rating given on Friday, February 12 by Oppenheimer. The stock has “Market Perform” rating by BMO Capital Markets on Monday, July 10. BMO Capital Markets upgraded Costco Wholesale Corporation (NASDAQ:COST) on Monday, December 18 to “Outperform” rating. The rating was maintained by Cowen & Co on Friday, October 6 with “Buy”. The company was downgraded on Friday, June 16 by Goldman Sachs.

Metropolitan Life Insurance Company, which manages about $14.10 billion and $15.97 billion US Long portfolio, upped its stake in Easterly Government Properties Inc by 26,896 shares to 52,300 shares, valued at $1.08M in 2017Q3, according to the filing. It also increased its holding in State Street Corp (NYSE:STT) by 5,549 shares in the quarter, for a total of 178,458 shares, and has risen its stake in Cerner Corp (NASDAQ:CERN).

Since September 1, 2017, it had 0 insider purchases, and 16 insider sales for $22.37 million activity. PORTERA JOSEPH P sold $1.93M worth of Costco Wholesale Corporation (NASDAQ:COST) on Tuesday, October 24. On Friday, October 20 the insider GALANTI RICHARD A sold $802,892. $580,230 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by MEISENBACH JOHN W. Another trade for 5,000 shares valued at $810,788 was made by ZOOK DENNIS R on Wednesday, October 25. Shares for $966,000 were sold by Rose Timothy L.. The insider LIBENSON RICHARD M sold $3.86M.

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