Resona Asset Management Co. Ltd. Has $42.57 Million Position in Honeywell International Inc. $HON

Resona Asset Management Co. Ltd. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,411 shares of the conglomerate’s stock after selling 11,832 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Honeywell International were worth $42,567,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HON. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International during the second quarter worth $26,000. RMG Wealth Management LLC bought a new position in Honeywell International in the second quarter valued at about $33,000. Howard Hughes Medical Institute acquired a new stake in Honeywell International in the second quarter worth about $33,000. Activest Wealth Management raised its holdings in 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 purchasing an additional 115 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in Honeywell International by 491.7% during the 3rd 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 during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON opened at $221.46 on Friday. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. 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 stock has a market cap of $140.60 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.44 and a beta of 0.95. The firm has a 50 day moving average price of $199.33 and a 200 day moving average price of $209.57.

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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on HON. Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. DZ Bank cut their price objective on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Jefferies Financial Group lowered their target price on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Robert W. Baird dropped their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Company 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.