International Assets Investment Management LLC Decreases Stock Position in Honeywell International Inc. $HON

International Assets Investment Management LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 95.6% in the 3rd quarter, Holdings Channel reports. The firm owned 6,829 shares of the conglomerate’s stock after selling 149,900 shares during the period. International Assets Investment Management LLC’s holdings in Honeywell International were worth $1,438,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Biltmore Family Office LLC increased its holdings in shares of Honeywell International by 84.4% in the third quarter. Biltmore Family Office LLC now owns 3,075 shares of the conglomerate’s stock worth $647,000 after purchasing an additional 1,407 shares during the last quarter. Trek Financial LLC grew its holdings in Honeywell International by 14.6% during the 3rd quarter. Trek Financial LLC now owns 5,932 shares of the conglomerate’s stock valued at $1,249,000 after buying an additional 757 shares in the last quarter. Modera Wealth Management LLC increased its stake in Honeywell International by 7.4% in the 3rd quarter. Modera Wealth Management LLC now owns 11,638 shares of the conglomerate’s stock worth $2,450,000 after acquiring an additional 806 shares during the last quarter. PFG Investments LLC increased its stake in Honeywell International by 5.5% in the 3rd quarter. PFG Investments LLC now owns 12,254 shares of the conglomerate’s stock worth $2,579,000 after acquiring an additional 636 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Honeywell International by 187.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 81,119 shares of the conglomerate’s stock worth $17,076,000 after acquiring an additional 52,911 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $221.46 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average price of $199.33 and a 200-day moving average price of $209.36. The firm has a market capitalization of $140.60 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.43 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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. The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 EPS. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a report on Monday, December 8th. DZ Bank dropped their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. JPMorgan Chase & Co. upgraded shares of Honeywell International from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $218.00 to $255.00 in a report on Friday, January 16th. HSBC lowered their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Argus boosted their price objective on Honeywell International from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.67.

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.