Vanguard Group Inc. Decreases Position in Honeywell International Inc. $HON

Vanguard Group Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,134,318 shares of the conglomerate’s stock after selling 180,172 shares during the quarter. Vanguard Group Inc. owned 0.10% of Honeywell International worth $13,079,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC grew its position in shares of Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Bank of Nova Scotia lifted its stake in Honeywell International by 171.8% in the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after acquiring an additional 509,456 shares during the last quarter. Holocene Advisors LP acquired a new position in Honeywell International during the 2nd quarter worth approximately $93,152,000. SG Americas Securities LLC increased its position in shares of Honeywell International by 357.2% in the 2nd quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after purchasing an additional 382,152 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Honeywell International by 88.1% in the 2nd quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after purchasing an additional 375,757 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $241.38 on Monday. 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 twelve month low of $169.21 and a twelve month high of $245.63. The stock has a 50 day moving average of $211.71 and a two-hundred day moving average of $209.15. The company has a current ratio of 1.32, a quick ratio of 1.05 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 for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the business earned $2.47 EPS. Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Insider Activity

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. DZ Bank dropped their target price on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research report on Friday, January 16th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Royal Bank Of Canada boosted their target price on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Eleven 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. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.50.

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.