Geode Capital Management Has Trimmed Fresh Del Monte Produce (FDP) Stake by $2.36 Million as Shares Declined; 1St Source Bank Holding In Honeywell International (HON) Was Has Raised

June 17, 2018 - By Richard Conner

Honeywell International Inc. (NYSE:HON) Logo

1St Source Bank increased its stake in Honeywell International Inc (HON) by 22.21% based on its latest 2018Q1 regulatory filing with the SEC. 1St Source Bank bought 23,440 shares as the company’s stock declined 3.73% with the market. The institutional investor held 128,964 shares of the o.e.m. company at the end of 2018Q1, valued at $18.64 million, up from 105,524 at the end of the previous reported quarter. 1St Source Bank who had been investing in Honeywell International Inc for a number of months, seems to be bullish on the $112.21 billion market cap company. The stock decreased 0.64% or $0.97 during the last trading session, reaching $150.23. About 3.93 million shares traded or 46.88% up from the average. Honeywell International Inc. (NYSE:HON) has risen 12.64% since June 17, 2017 and is uptrending. It has outperformed by 0.07% the S&P500. Some Historical HON News: 01/05/2018 – Honeywell Names Greg Lewis As New CFO, Effective Aug. 3 — MarketWatch; 27/04/2018 – Global Terminal Automation Market 2018-2023 – Major Players Profiled Include ABB, Emerson Electric, Honeywell International and Schneider Electric – ResearchAndMarkets.com; 02/04/2018 – Honeywell Expands Connected Aircraft Solutions To The Most Overlooked Part Of Aerospace: The Ground; 01/05/2018 – Honeywell Appoints Greg Lewis as Next Chief Fincl Officer; 04/05/2018 – Honeywell Names Rabiller to Lead Transportation Spinoff; 16/04/2018 – BALL AEROSPACE TO COLLABORATE WITH HONEYWELL; 26/03/2018 – Honeywell Provides Flight Operators With High-Speed Connectivity At A Low Cost With New Satellite Communications Systems; 04/05/2018 – HONEYWELL NAMES OLIVIER RABILLER TO CONTINUE AS PRESIDENT, CEO; 04/05/2018 – Honeywell: Planned Spinoff of Honeywell Homes Is Expected to Be Completed by the End of 2018; 20/04/2018 – HONEYWELL SAYS IT HAS PUT IN PLACE “AGGRESSIVE MITIGATION STRATEGIES” THAT LARGELY OFFSET ANY IMPACT TO CO – CONF CALL

Geode Capital Management Llc decreased its stake in Fresh Del Monte Produce Inc (FDP) by 15.28% based on its latest 2018Q1 regulatory filing with the SEC. Geode Capital Management Llc sold 52,342 shares as the company’s stock declined 3.66% with the market. The institutional investor held 290,257 shares of the consumer non-durables company at the end of 2018Q1, valued at $13.13M, down from 342,599 at the end of the previous reported quarter. Geode Capital Management Llc who had been investing in Fresh Del Monte Produce Inc for a number of months, seems to be less bullish one the $2.16B market cap company. The stock increased 1.07% or $0.47 during the last trading session, reaching $44.32. About 333,638 shares traded or 99.16% up from the average. Fresh Del Monte Produce Inc. (NYSE:FDP) has declined 13.69% since June 17, 2017 and is downtrending. It has underperformed by 26.26% the S&P500. Some Historical FDP News: 01/05/2018 – Fresh Del Monte 1Q Net $41.5M; 07/05/2018 – Fresh Del Monte Produce Acquires Equity Investment In Purple Carrot; 14/05/2018 – Epoch Investment Partners, Inc. Exits Fresh Del Monte; 04/04/2018 – Fresh Del Monte Closes Above 200-Day Moving Average: Technicals; 19/04/2018 – DJ Fresh Del Monte Produce Inc, Inst Holders, 1Q 2018 (FDP); 01/05/2018 – FRESH DEL MONTE 1Q COMPARABLE EPS 88C; 01/05/2018 – FRESH DEL MONTE 1Q REV. $1.11B; 01/05/2018 – Correct: Fresh Del Monte 1Q EPS 88c; 07/05/2018 – FRESH DEL MONTE PRODUCE BUYS EQUITY INVESTMENT IN PURPLE CARROT; 07/05/2018 – FRESH DEL MONTE \BUYS STAKE IN PLANT-BASED MEAL KIT PROVIDER

Geode Capital Management Llc, which manages about $306.93B US Long portfolio, upped its stake in Tenet Healthcare Corp (NYSE:THC) by 26,143 shares to 685,266 shares, valued at $16.62M in 2018Q1, according to the filing. It also increased its holding in Servisfirst Bancshares Inc (NASDAQ:SFBS) by 8,774 shares in the quarter, for a total of 437,059 shares, and has risen its stake in American Equity Invt Life Hl (NYSE:AEL).

Among 2 analysts covering Fresh Del Monte (NYSE:FDP), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Fresh Del Monte had 4 analyst reports since January 5, 2016 according to SRatingsIntel. Wunderlich initiated Fresh Del Monte Produce Inc. (NYSE:FDP) rating on Tuesday, January 5. Wunderlich has “Buy” rating and $45.0 target. On Thursday, May 12 the stock rating was initiated by Sidoti with “Neutral”. Wunderlich maintained the stock with “Buy” rating in Wednesday, November 2 report. The rating was maintained by Wunderlich with “Buy” on Wednesday, May 11.

Since February 21, 2018, it had 0 insider buys, and 17 selling transactions for $5.68 million activity. BOYKIN EDWARD L also sold $63,936 worth of Fresh Del Monte Produce Inc. (NYSE:FDP) shares. Shares for $913,200 were sold by ABU-GHAZALEH MOHAMMAD. CHAMPION MADELEINE L also sold $274,500 worth of Fresh Del Monte Produce Inc. (NYSE:FDP) on Wednesday, May 30. CONTRERAS RICHARD had sold 164 shares worth $7,667. On Wednesday, February 21 LAZOPOULOS EMANUEL sold $6,872 worth of Fresh Del Monte Produce Inc. (NYSE:FDP) or 147 shares. Renino Gianpaolo sold $28,014 worth of stock or 600 shares.

Investors sentiment increased to 0.71 in Q1 2018. Its up 0.04, from 0.67 in 2017Q4. It is positive, as 18 investors sold FDP shares while 54 reduced holdings. 22 funds opened positions while 29 raised stakes. 30.29 million shares or 4.46% less from 31.71 million shares in 2017Q4 were reported. 22,329 were accumulated by Aqr Lc. Advsrs Asset owns 12,416 shares or 0.01% of their US portfolio. 2,880 are owned by Comml Bank Of Montreal Can. Citadel Advsrs Ltd Liability Corp has invested 0% of its portfolio in Fresh Del Monte Produce Inc. (NYSE:FDP). Nomura Holdg reported 8,265 shares stake. Sg Americas Secs accumulated 5,205 shares or 0% of the stock. Hsbc Public Ltd Com holds 20,331 shares. Automobile Association stated it has 0% in Fresh Del Monte Produce Inc. (NYSE:FDP). Bessemer Gru holds 0.01% or 31,600 shares in its portfolio. Lsv Asset Mgmt has invested 0.17% in Fresh Del Monte Produce Inc. (NYSE:FDP). Ameritas Inv Prtnrs has 2,793 shares. Tiaa Cref Investment Mgmt Ltd Company holds 0.01% or 300,634 shares in its portfolio. Morgan Stanley reported 0% in Fresh Del Monte Produce Inc. (NYSE:FDP). Credit Suisse Ag reported 39,954 shares. Moreover, Dimensional Fund LP has 0.08% invested in Fresh Del Monte Produce Inc. (NYSE:FDP) for 4.21M shares.

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.20, from 1.11 in 2017Q4. It worsened, as 64 investors sold HON shares while 536 reduced holdings. 110 funds opened positions while 434 raised stakes. 518.09 million shares or 2.49% less from 531.30 million shares in 2017Q4 were reported. Mcrae Capital Management reported 2,748 shares stake. Central Bankshares Trust holds 1.29% in Honeywell International Inc. (NYSE:HON) or 35,836 shares. Horizon Kinetics Ltd accumulated 11,294 shares. Hillsdale Inv Inc reported 35 shares. Wade G W And invested in 111,992 shares. Texas-based Dimensional Fund Advisors Lp has invested 0.13% in Honeywell International Inc. (NYSE:HON). Baldwin Brothers Inc Ma reported 0.86% in Honeywell International Inc. (NYSE:HON). Mu Limited accumulated 36,000 shares or 3.71% of the stock. Annex Advisory Limited Liability Company has invested 0.06% in Honeywell International Inc. (NYSE:HON). Factory Mutual Ins invested in 441,400 shares or 0.7% of the stock. Curbstone Mgmt accumulated 9,052 shares. Dsc Advisors Lp invested in 0.04% or 1,450 shares. Nuveen Asset Ltd Liability Co holds 0.04% or 37,220 shares. Citizens Northern Corp holds 8,115 shares. Quadrant Capital Mgmt Limited Liability Company holds 1.3% or 12,222 shares in its portfolio.

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 97 analyst reports since July 30, 2015 according to SRatingsIntel. UBS maintained Honeywell International Inc. (NYSE:HON) on Monday, June 6 with “Neutral” rating. The rating was maintained by Cowen & Co with “Buy” on Thursday, October 19. The firm has “Buy” rating by Argus Research given on Tuesday, July 26. The firm has “Buy” rating given on Friday, May 26 by Jefferies. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Citigroup on Monday, October 9. The rating was maintained by Credit Suisse on Tuesday, July 25 with “Hold”. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Tuesday, August 8 by Oppenheimer. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Stifel Nicolaus on Monday, April 23. Cowen & Co maintained Honeywell International Inc. (NYSE:HON) rating on Tuesday, September 12. Cowen & Co has “Buy” rating and $150.0 target. As per Friday, July 21, the company rating was maintained by Jefferies.

1St Source Bank, which manages about $1.21 billion US Long portfolio, decreased its stake in Celgene Corp (NASDAQ:CELG) by 4,600 shares to 7,122 shares, valued at $635,000 in 2018Q1, according to the filing. It also reduced its holding in 1St Source Corp (NASDAQ:SRCE) by 11,199 shares in the quarter, leaving it with 7.23M shares, and cut its stake in Ishares Russell 2000 Etf (IWM).

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

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