Jupiter Asset Management Ltd. significantly reduced its stake in Honeywell International Inc. by 20.3% in Q3, selling 45,958 shares but still holding 180,984 shares valued at over $38 million. This comes as Honeywell exceeded quarterly earnings and revenue expectations, announced a $1.19 quarterly dividend, and holds a consensus “Moderate Buy” rating from analysts. Despite the reduction from one firm, other institutional investors increased their positions in Honeywell.
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Jupiter Asset Management Ltd. Cuts Holdings in Honeywell International Inc. $HON
Jupiter Asset Management Ltd. significantly reduced its stake in Honeywell International Inc. by 20.3% in Q3, selling 45,958 shares but still holding 180,984 shares valued at over $38 million. This comes as Honeywell exceeded quarterly earnings and revenue expectations, announced a $1.19 quarterly dividend, and holds a consensus “Moderate Buy” rating from analysts. Despite the reduction from one firm, other institutional investors increased their positions in Honeywell.