Mitsubishi UFJ Trust & Banking Corp Sells 13,586 Shares of Honeywell International Inc. $HON

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,660 shares of the conglomerate’s stock after selling 13,586 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Honeywell International worth $70,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UniSuper Management Pty Ltd boosted its stake in shares of Honeywell International by 1.9% in the 3rd quarter. UniSuper Management Pty Ltd now owns 448,946 shares of the conglomerate’s stock worth $94,503,000 after buying an additional 8,227 shares during the last quarter. Emergent Wealth Advisors LLC purchased a new position in Honeywell International in the third quarter worth about $266,000. Hunter Associates Investment Management LLC boosted its position in Honeywell International by 4.3% in the third quarter. Hunter Associates Investment Management LLC now owns 5,133 shares of the conglomerate’s stock worth $1,084,000 after purchasing an additional 212 shares during the last quarter. Westfuller Advisors LLC bought a new stake in shares of Honeywell International during the 3rd quarter valued at about $497,000. Finally, Jmac Enterprises LLC lifted its stake in shares of Honeywell International by 48.3% in the 3rd quarter. Jmac Enterprises LLC now owns 4,300 shares of the conglomerate’s stock worth $905,000 after purchasing an additional 1,400 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Vertical Research lowered 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 report on Monday, January 5th. The Goldman Sachs Group dropped their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Rothschild & Co Redburn reduced their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. HSBC lowered their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, Morgan Stanley reduced their price target on 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. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Price Performance

NASDAQ:HON opened at $221.46 on Friday. The business’s 50-day simple moving average is $199.33 and its two-hundred day simple moving average is $209.36. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The stock has a market cap of $140.60 billion, a PE ratio of 23.34, a P/E/G ratio of 2.43 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $2.58 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

About Honeywell International

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.