17,637 Shares in Honeywell International Inc. $HON Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) during the third quarter, Holdings Channel reports. The fund purchased 17,637 shares of the conglomerate’s stock, valued at approximately $3,713,000.

A number of other large investors have also recently bought and sold shares of the business. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management boosted its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $33,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 1.5%

Honeywell International stock opened at $222.54 on Friday. The firm has a market capitalization of $141.29 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The firm’s fifty day moving average price is $198.88 and its two-hundred day moving average price is $209.69. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HONGet Free Report) last posted its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

Analysts Set New Price Targets

Several research firms have recently weighed in on HON. The Goldman Sachs Group lowered their price objective on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Jefferies Financial Group reduced their price target on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Citigroup decreased their price target on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Mizuho cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Bank of America restated an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $237.67.

Get Our Latest Analysis on HON

Honeywell International Profile

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Featured Articles

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONFree Report).

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.