Retirement Systems of Alabama Sells 2,473 Shares of Honeywell International Inc. $HON

Retirement Systems of Alabama trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,434 shares of the conglomerate’s stock after selling 2,473 shares during the period. Retirement Systems of Alabama’s holdings in Honeywell International were worth $28,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new stake in Honeywell International during the second quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at $33,000. Activest Wealth Management grew its position in shares of Honeywell International by 425.9% during the 2nd 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 period. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Honeywell International in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.5%

NASDAQ HON opened at $221.46 on Monday. 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 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 stock’s 50 day moving average is $199.33 and its 200 day moving average is $209.15.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $10.41 billion during 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 company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HON shares. Barclays lowered their target price on Honeywell International from $269.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 24th. Royal Bank Of Canada lowered their price objective on Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut their price objective on Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Mizuho decreased their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.67.

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.