As Honeywell Int’l (HON) Share Price Declined, Holder Foothills Asset Management LTD Cut Holding by $311,184; Wildcat Capital Management Trimmed Stake in Sorrento Therapeutics (SRNE) by $6.61 Million as Share Value Declined

August 10, 2018 - By Kristin Houston

Honeywell International Inc. (NYSE:HON) Logo

Foothills Asset Management Ltd decreased its stake in Honeywell Int’l (HON) by 11.98% based on its latest 2018Q1 regulatory filing with the SEC. Foothills Asset Management Ltd sold 2,161 shares as the company’s stock declined 3.73% with the market. The institutional investor held 15,874 shares of the o.e.m. company at the end of 2018Q1, valued at $2.29 million, down from 18,035 at the end of the previous reported quarter. Foothills Asset Management Ltd who had been investing in Honeywell Int’l for a number of months, seems to be less bullish one the $109.96 billion market cap company. The stock decreased 0.94% or $1.4 during the last trading session, reaching $147.22. About 4.19 million shares traded or 29.25% up from the average. Honeywell International Inc. (NYSE:HON) has risen 12.64% since August 10, 2017 and is uptrending. It has outperformed by 0.07% the S&P500. Some Historical HON News: 01/05/2018 – Honeywell Intl: Szlosek to Retire for Personal Reasons; 24/04/2018 – Honeywell International Inc.: Doc re Form 10-Q; 09/03/2018 – INTELLICHECK & HONEYWELL SETTLE ALL PENDING PATENT MATTERS; 16/04/2018 – HONEYWELL – UOP RUSSELL BUSINESS TO PROVIDE A HIGH-RECOVERY CRYOGENIC GAS PROCESSING PLANT TO CAPROCK MIDSTREAM, FOR ITS PECOS BEND FACILITY; 17/04/2018 – ABB shareholders demand rethink on power grids business; 16/04/2018 – Bombardier’s Singapore Service Centre Completes its First Ka-band High-speed Internet Installation on In-service Global 6000 Aircraft; 29/03/2018 – ONTIC – SIGNED LICENSE AGREEMENT WITH HONEYWELL FOR COCKPIT DISPLAYS; LICENSE COVERS 26 PRODUCT FAMILIES CONSISTING OF 162 LINE REPLACEABLE UNITS; 14/05/2018 – HONEYWELL AUTOMATION INDIA LTD HONE.NS – MARCH QTR REVENUE FROM OPS 6.40 BLN RUPEES VS 6.01 BLN RUPEES YR AGO; 19/04/2018 – HONEYWELL AUTOMATION INDIA LTD HONE.NS – ANNOUNCES EXPANSION OF MANUFACTURING FACILITY IN PUNE; 14/05/2018 – HONEYWELL AUTOMATION 4Q TOTAL COSTS 5.64B RUPEES

Wildcat Capital Management Llc decreased its stake in Sorrento Therapeutics Inc (SRNE) by 76.08% based on its latest 2018Q1 regulatory filing with the SEC. Wildcat Capital Management Llc sold 1.32 million shares as the company’s stock declined 11.30% with the market. The institutional investor held 415,765 shares of the health care company at the end of 2018Q1, valued at $2.14M, down from 1.74 million at the end of the previous reported quarter. Wildcat Capital Management Llc who had been investing in Sorrento Therapeutics Inc for a number of months, seems to be less bullish one the $592.27M market cap company. The stock increased 1.87% or $0.1 during the last trading session, reaching $5.45. About 962,350 shares traded. Sorrento Therapeutics, Inc. (NASDAQ:SRNE) has risen 375.76% since August 10, 2017 and is uptrending. It has outperformed by 363.19% the S&P500. Some Historical SRNE News: 27/03/2018 – CUSO Financial Services and Sorrento Pacific Financial Executive Daniel Kilroy Named CFO of The Year by San Diego Business Journal; 15/05/2018 – Numeric Investor Buys 1.4% Position in Sorrento Therapeutics; 14/03/2018 – Glancy Prongay & Murray LLP Commences Investigation on Behalf of Sorrento Therapeutics, Inc. Investors (SRNE); 05/04/2018 – Sorrento Therapeutics Presenting at Conference Apr 9; 19/03/2018 – SORRENTO THERAPEUTICS WELCOMES JIONG SHAO AS CFO & REAFFIRMS IN; 27/03/2018 – SORRENTO THERAPEUTICS ANNOUNCES UNSECURED $120.5M CONVERTIBLE NOTE FINANCING; 28/03/2018 – SORRENTO: CONFIDENT IN ABILITY TO EXECUTE ON STRATEGIC PLAN; 22/04/2018 – DJ Sorrento Therapeutics Inc, Inst Holders, 1Q 2018 (SRNE); 05/04/2018 – SORRENTO & CELULARITY TO START ANTI-CD38 CAR-T PHASE 1 TRIAL; 19/03/2018 – SORRENTO REAFFIRMS PLAN TO SEEK NASDAQ/HKSE DUAL LISTING IN ’18

Since February 28, 2018, it had 2 insider buys, and 0 insider sales for $1.54 million activity. 64,600 shares were bought by Ji Henry, worth $642,770.

Investors sentiment increased to 5 in 2018 Q1. Its up 3.47, from 1.53 in 2017Q4. It improved, as 2 investors sold SRNE shares while 7 reduced holdings. 23 funds opened positions while 22 raised stakes. 37.99 million shares or 349.20% more from 8.46 million shares in 2017Q4 were reported. Glenmede Trust Na accumulated 0% or 29,135 shares. National Bank Of New York Mellon Corp invested 0% in Sorrento Therapeutics, Inc. (NASDAQ:SRNE). 23,602 are held by Verition Fund Mngmt Ltd Liability. First Republic Investment Management holds 62,350 shares or 0% of its portfolio. California Public Employees Retirement Systems has 36,800 shares. Moreover, Tci Wealth Advsr Inc has 0% invested in Sorrento Therapeutics, Inc. (NASDAQ:SRNE) for 200 shares. Acadian Asset Management Limited Liability invested in 119,024 shares. 36,894 are held by Dimensional Fund Advsr L P. Virtu Finance Ltd Liability accumulated 31,083 shares. Bluecrest Cap holds 0.05% or 282,795 shares in its portfolio. Lucas Cap reported 23,000 shares or 0.13% of all its holdings. Susquehanna Group Inc Llp holds 0% or 105,623 shares. United Services Automobile Association accumulated 0% or 10,396 shares. Prelude Cap Mgmt Ltd Com holds 0% or 9,695 shares. Alpine Ltd Liability Com holds 0.02% in Sorrento Therapeutics, Inc. (NASDAQ:SRNE) or 19,018 shares.

Among 9 analysts covering Sorrento Therapeutics (NASDAQ:SRNE), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sorrento Therapeutics had 34 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was initiated by Roth Capital on Thursday, August 3 with “Buy”. As per Monday, October 3, the company rating was initiated by TH Capital. As per Monday, December 7, the company rating was reinitiated by Rodman & Renshaw. The stock of Sorrento Therapeutics, Inc. (NASDAQ:SRNE) has “Buy” rating given on Wednesday, July 29 by Brean Capital. H.C. Wainwright maintained the shares of SRNE in report on Thursday, June 15 with “Buy” rating. FBR Capital initiated it with “Outperform” rating and $22 target in Tuesday, December 22 report. H.C. Wainwright maintained the stock with “Buy” rating in Monday, September 18 report. The stock of Sorrento Therapeutics, Inc. (NASDAQ:SRNE) has “Buy” rating given on Thursday, June 15 by FBR Capital. The firm has “Buy” rating given on Monday, June 11 by H.C. Wainwright. The rating was maintained by H.C. Wainwright on Wednesday, August 30 with “Buy”.

More recent Honeywell International Inc. (NYSE:HON) news were published by: Seekingalpha.com which released: “Honeywell’s Story Getting A Little Sweeter” on July 24, 2018. Also Fool.com published the news titled: “Honeywell Boosts Guidance: Time to Buy the Stock?” on July 31, 2018. Seekingalpha.com‘s news article titled: “Could Aerospace Tariffs Affect Honeywell International?” with publication date: July 18, 2018 was also an interesting one.

Since February 14, 2018, it had 0 buys, and 5 insider sales for $20.18 million activity. PARDO JAIME CHICO /FA sold $515,921 worth of stock. Mahoney Timothy O. sold 114,489 shares worth $17.20 million. Another trade for 9,996 shares valued at $1.59 million was made by Kapur Vimal on Friday, July 27.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.20, from 1.11 in 2017Q4. It dropped, 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. Parsons Capital Ri invested in 64,367 shares. Ssi Invest Mngmt invested in 2,192 shares. Loomis Sayles & Co Limited Partnership reported 264,191 shares. 8,575 were accumulated by Glenview Bankshares Tru Dept. Coldstream Inc stated it has 0.33% of its portfolio in Honeywell International Inc. (NYSE:HON). 5,221 were accumulated by Sabal Tru Com. South State Corporation reported 81,293 shares. Putnam Invests Limited Liability Company reported 1.25 million shares. 123,896 were reported by Hallmark. Winslow Mngmt Ltd Llc owns 2.13M shares. Indiana Inv Mgmt Communication accumulated 7,702 shares. Neuberger Berman Gp has 0.21% invested in Honeywell International Inc. (NYSE:HON). Koshinski Asset Mngmt Incorporated accumulated 1,717 shares. Montecito Comml Bank & Tru owns 5,534 shares. L & S Advsrs invested in 53,297 shares or 1.47% of the stock.

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) Institutional Positions Chart

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