Rhumbline Advisers Sells 18,723 Shares of Honeywell International Inc. $HON

Rhumbline Advisers lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,065,445 shares of the conglomerate’s stock after selling 18,723 shares during the quarter. Rhumbline Advisers’ holdings in Honeywell International were worth $224,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC raised its holdings in 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 acquiring an additional 118 shares during the period. Activest Wealth Management increased its stake in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International during the 2nd quarter worth $33,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $243.35 on Wednesday. The company’s fifty day moving average price is $208.77 and its 200-day moving average price is $208.76. Honeywell International Inc. has a one year low of $169.21 and a one year high of $244.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. The firm has a market capitalization of $154.50 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 3.48 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the firm earned $2.47 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

HON has been the topic of a number of recent research reports. DZ Bank cut their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Royal Bank Of Canada increased their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $244.50.

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.