Davis Capital Partners Upped Holding in Wells Fargo & Co. New (WFC) by $4.13 Million as Stock Price Declined; Honeywell International (HON) Stock Rose While 1St Source Bank Has Decreased Holding

February 23, 2018 - By Adrian Mccoy

1St Source Bank decreased its stake in Honeywell International Inc (HON) by 2.99% based on its latest 2017Q3 regulatory filing with the SEC. 1St Source Bank sold 3,214 shares as the company’s stock rose 5.49% with the market. The institutional investor held 104,384 shares of the o.e.m. company at the end of 2017Q3, valued at $14.80M, down from 107,598 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 less bullish one the $116.66 billion market cap company. The stock increased 1.19% or $1.82 during the last trading session, reaching $155.13. About 1.59 million shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since February 23, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

Davis Capital Partners Llc increased its stake in Wells Fargo & Co. New (WFC) by 5.36% based on its latest 2017Q3 regulatory filing with the SEC. Davis Capital Partners Llc bought 75,000 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund held 1.48 million shares of the major banks company at the end of 2017Q3, valued at $81.35 million, up from 1.40M at the end of the previous reported quarter. Davis Capital Partners Llc who had been investing in Wells Fargo & Co. New for a number of months, seems to be bullish on the $289.49 billion market cap company. The stock increased 0.63% or $0.37 during the last trading session, reaching $59.18. About 19.63 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 23, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It fall, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. 16,200 are held by Lingohr Partner Asset Mngmt Gmbh. Central Bancorporation Trust Company accumulated 763 shares. Private Advisor Group Inc Lc accumulated 0.22% or 163,880 shares. Gilman Hill Asset Mngmt Limited Liability Corp invested 0.23% of its portfolio in Wells Fargo & Company (NYSE:WFC). Twin Tree Management Ltd Partnership has invested 0.02% in Wells Fargo & Company (NYSE:WFC). Edgemoor Investment Advsrs Inc invested in 14,334 shares. Planning Advsr Lc reported 20,510 shares or 0.44% of all its holdings. Beaconlight Capital Ltd Liability Co reported 3.26% in Wells Fargo & Company (NYSE:WFC). Catawba Cap Management Va owns 108,483 shares. Banced invested in 0.37% or 3,844 shares. Andra Ap has invested 0.22% in Wells Fargo & Company (NYSE:WFC). Eastern Bancorp accumulated 316,536 shares or 1.24% of the stock. Needelman Asset Mngmt reported 13,826 shares or 1.87% of all its holdings. Cibc Asset holds 0.19% or 545,384 shares. Tru Asset Mngmt Ltd Liability reported 2,613 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by UBS on Friday, October 6 with “Neutral”. Sandler O’Neill upgraded the stock to “Buy” rating in Tuesday, January 9 report. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Goldman Sachs on Thursday, January 4. The firm earned “Hold” rating on Friday, July 7 by Jefferies. The stock has “Hold” rating by Argus Research on Wednesday, January 18. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Tuesday, January 12. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Guggenheim on Thursday, October 15. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by BMO Capital Markets on Sunday, July 30. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies on Thursday, February 8. Nomura maintained Wells Fargo & Company (NYSE:WFC) on Monday, February 5 with “Buy” rating.

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Davis Capital Partners Llc, which manages about $314.70 million and $845.42M US Long portfolio, decreased its stake in Td Ameritrade Hldg Corp (NYSE:AMTD) by 70,000 shares to 400,000 shares, valued at $19.52M in 2017Q3, according to the filing.

Investors sentiment increased to 1.14 in Q3 2017. 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. Ray Gerald L And Assoc Limited owns 82,779 shares. Carderock Cap Management owns 2.05% invested in Honeywell International Inc. (NYSE:HON) for 32,137 shares. Cullinan Assoc reported 13,365 shares. Fiduciary Management Wi reported 4.52 million shares stake. Employees Retirement System Of Texas has 0.33% invested in Honeywell International Inc. (NYSE:HON). Caisse De Depot Et Placement Du Quebec has invested 0.22% in Honeywell International Inc. (NYSE:HON). Cetera Advsrs Ltd Liability Corp invested in 0.11% or 13,347 shares. Bailard holds 0.07% or 6,096 shares in its portfolio. 23,899 were reported by Pineno Levin & Ford Asset Management. Aspiriant Limited Liability Company reported 0.02% of its portfolio in Honeywell International Inc. (NYSE:HON). Hudock Capital Group Llc reported 4,074 shares. Balasa Dinverno & Foltz Limited Liability Company reported 4,253 shares stake. Regents Of The University Of California stated it has 1.25% of its portfolio in Honeywell International Inc. (NYSE:HON). The Illinois-based Thomas White International has invested 0.14% in Honeywell International Inc. (NYSE:HON). Burke Herbert Bancorporation Co reported 4,585 shares or 0.59% of all its holdings.

1St Source Bank, which manages about $1.20 billion US Long portfolio, upped its stake in Visa Inc Cl A (NYSE:V) by 4,611 shares to 14,131 shares, valued at $1.49 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Msci Emerging Markets (VWO) by 45,729 shares in the quarter, for a total of 513,601 shares, and has risen its stake in Ishares Russell 1000 Growth Et (IWF).

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 20.63 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.

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. As per Friday, January 19, the company rating was maintained by Stifel Nicolaus. Oppenheimer maintained the shares of HON in report on Monday, April 25 with “Outperform” rating. The company was maintained on Monday, April 25 by Morgan Stanley. The company was maintained on Monday, November 16 by Barclays Capital. Barclays Capital maintained it with “Equal-Weight” rating and $109 target in Monday, April 18 report. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Friday, June 30 by RBC Capital Markets. On Tuesday, July 21 the stock rating was maintained by Argus Research with “Buy”. The firm has “Buy” rating given on Tuesday, October 10 by Jefferies. As per Thursday, August 24, the company rating was maintained by Stifel Nicolaus. The rating was maintained by UBS on Monday, June 6 with “Neutral”.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: