Simplicity Wealth LLC Trims Stock Position in Honeywell International Inc. $HON

Simplicity Wealth LLC decreased its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,216 shares of the conglomerate’s stock after selling 5,620 shares during the period. Simplicity Wealth LLC’s holdings in Honeywell International were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the second quarter valued at $26,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. RMG Wealth Management LLC purchased a new position in Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management increased its position in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares during the period. Finally, Howard Hughes Medical Institute purchased a new stake in Honeywell International in the second quarter valued at approximately $33,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON opened at $222.54 on Friday. The stock has a market capitalization of $141.29 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The business’s fifty day moving average price is $198.88 and its 200 day moving average price is $209.69. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04.

Honeywell International (NASDAQ:HONGet Free Report) last issued 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 analysts’ expectations of $10.14 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International News Summary

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HON shares. Robert W. Baird cut their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. DZ Bank dropped their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Monday, January 5th. TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Bank of America reaffirmed an “underperform” rating and set a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $237.67.

Check Out Our Latest Analysis on Honeywell International

Honeywell International Company 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.

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

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