Zacks Investment Management reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 33.0% in the 4th quarter, HoldingsChannel reports. The fund owned 83,817 shares of the conglomerate’s stock after selling 41,339 shares during the quarter. Zacks Investment Management’s holdings in Honeywell International were worth $11,074,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HON. Arrowgrass Capital Partners US LP boosted its holdings in shares of Honeywell International by 233.3% in the 4th quarter. Arrowgrass Capital Partners US LP now owns 100,000 shares of the conglomerate’s stock valued at $13,212,000 after buying an additional 70,000 shares during the period. First Foundation Advisors boosted its holdings in shares of Honeywell International by 566.1% in the 4th quarter. First Foundation Advisors now owns 18,957 shares of the conglomerate’s stock valued at $2,505,000 after buying an additional 16,111 shares during the period. GYL Financial Synergies LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at about $290,000. 1832 Asset Management L.P. acquired a new position in shares of Honeywell International in the 4th quarter valued at about $260,607,000. Finally, Arete Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 124.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 4,306 shares of the conglomerate’s stock valued at $569,000 after buying an additional 2,388 shares during the period. 75.65% of the stock is owned by institutional investors.

In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the sale, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the sale, the insider now owns 305,505 shares in the company, valued at $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

HON has been the subject of several research reports. Deutsche Bank lifted their price target on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective on the stock in a research report on Thursday, January 3rd. UBS Group reiterated a “top pick” rating on shares of Honeywell International in a research report on Thursday, January 10th. Finally, Barclays cut their price objective on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, December 17th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average price target of $169.32.

Shares of NYSE:HON opened at $159.97 on Thursday. The stock has a market capitalization of $117.16 billion, a P/E ratio of 19.97, a PEG ratio of 2.26 and a beta of 1.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $167.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. Honeywell International’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.85 EPS. On average, research analysts expect that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.

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Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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