Teacher Retirement System of Texas Sells 10,541 Shares of Honeywell International Inc. $HON

Teacher Retirement System of Texas lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,411 shares of the conglomerate’s stock after selling 10,541 shares during the quarter. Teacher Retirement System of Texas’ holdings in Honeywell International were worth $33,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC raised its position in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after buying an additional 509,456 shares during the period. Holocene Advisors LP acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $93,152,000. SG Americas Securities LLC raised its position in shares of Honeywell International by 357.2% during the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after acquiring an additional 382,152 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Honeywell International by 88.1% during the second quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after acquiring an additional 375,757 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.5%

Shares of NASDAQ:HON opened at $221.46 on Friday. The company has a 50 day moving average price of $199.33 and a two-hundred day moving average price of $209.57. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market capitalization of $140.60 billion, a PE ratio of 23.34, a PEG ratio of 2.44 and a beta of 0.95. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly 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 last year, the firm posted $2.58 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HON shares. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Monday, January 5th. Morgan Stanley lowered their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. HSBC dropped their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Finally, TD Cowen dropped their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $237.67.

Honeywell International Profile

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.