Mitsubishi UFJ Trust & Banking Corp Sells 13,586 Shares of Honeywell International Inc. $HON

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 335,660 shares of the conglomerate’s stock after selling 13,586 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Honeywell International were worth $70,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of 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 purchasing an additional 2,629 shares in the last quarter. Investment Partners Asset Management Inc. bought a new stake in Honeywell International in the second quarter worth $214,000. Patton Fund Management Inc. purchased a new stake in Honeywell International during the second quarter valued at $257,000. Finally, Cove Private Wealth LLC lifted its position in Honeywell International by 53.7% during the second quarter. Cove Private Wealth LLC now owns 4,675 shares of the conglomerate’s stock valued at $1,089,000 after purchasing an additional 1,633 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

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

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HON shares. The Goldman Sachs Group reduced their target price on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Monday, January 5th. Citigroup lowered their price objective on Honeywell International from $267.00 to $262.00 and set a “buy” rating for the company in a research note on Monday, January 12th. BNP Paribas Exane raised Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Robert W. Baird reduced their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.67.

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.