Wealthfront Advisers LLC Reduces Stock Position in Honeywell International Inc. $HON

Wealthfront Advisers LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,053 shares of the conglomerate’s stock after selling 3,684 shares during the quarter. Wealthfront Advisers LLC’s holdings in Honeywell International were worth $14,957,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after buying an additional 2,629 shares during the last quarter. CWM LLC increased its holdings in Honeywell International by 9.3% in the second quarter. CWM LLC now owns 47,799 shares of the conglomerate’s stock valued at $11,131,000 after buying an additional 4,075 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Honeywell International by 14.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 356,767 shares of the conglomerate’s stock valued at $85,185,000 after buying an additional 44,136 shares in the last quarter. Finally, MGO One Seven LLC lifted its holdings in Honeywell International by 1.3% during the 2nd quarter. MGO One Seven LLC now owns 10,403 shares of the conglomerate’s stock worth $2,423,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $243.35 on Wednesday. The firm has a fifty day moving average of $208.77 and a 200-day moving average of $208.76. The company has a market cap of $154.50 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $244.78.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate 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 firm posted $2.47 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Mizuho lowered their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. HSBC decreased their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Barclays lifted their price target on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $244.50.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.