Vanguard Group Inc. Trims Stock Position in Honeywell International Inc. $HON

Vanguard Group Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,134,318 shares of the conglomerate’s stock after selling 180,172 shares during the period. Vanguard Group Inc. owned about 9.79% of Honeywell International worth $13,079,274,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC boosted its position in Honeywell International by 491.7% during the third 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 in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Honeywell International in the second quarter valued at approximately $33,000. Cedar Mountain Advisors LLC raised its stake in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Honeywell International by 833.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new stake in Honeywell International in the 3rd quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.6%

Shares of Honeywell International stock opened at $241.38 on Monday. 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 stock’s 50 day simple moving average is $211.71 and its 200-day simple moving average is $209.15. The stock has a market cap of $153.25 billion, a P/E ratio of 30.21, a P/E/G ratio of 3.50 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $245.63.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HON shares. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research report on Friday, January 16th. Royal Bank Of Canada boosted their target price on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Argus raised their price target on shares of Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Evercore lifted their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Insider Transactions at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

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.