SouthState Bank Corp Sells 13,196 Shares of Honeywell International Inc. $HON

SouthState Bank Corp decreased its position in Honeywell International Inc. (NASDAQ:HON) by 53.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,632 shares of the conglomerate’s stock after selling 13,196 shares during the quarter. SouthState Bank Corp’s holdings in Honeywell International were worth $2,449,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC grew its stake 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 buying an additional 118 shares in the last quarter. 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 purchased a new stake in Honeywell International during the second quarter valued at about $33,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased 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 purchasing an additional 150 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $233.85 on Friday. The company has a market cap of $148.47 billion, a PE ratio of 29.27, a P/E/G ratio of 3.42 and a beta of 0.94. The business has a 50 day moving average of $205.84 and a 200 day moving average of $208.91. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $236.34. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Evercore ISI upped their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Bank of America reaffirmed an “underperform” rating and set a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. TD Cowen lowered their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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 equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.50.

About Honeywell International

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.