Honeywell International Inc. $HON Shares Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 22.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,343 shares of the conglomerate’s stock after buying an additional 3,923 shares during the quarter. BTC Capital Management Inc.’s holdings in Honeywell International were worth $4,491,000 at the end of the most recent quarter.

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

Honeywell International Stock Up 0.6%

Shares of NASDAQ:HON opened at $241.38 on Friday. 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 Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $245.63. The stock has a market cap of $153.25 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The firm’s 50 day moving average price is $211.71 and its 200 day moving average price is $209.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for 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%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $2.47 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Argus boosted their price objective on Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Vertical Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research report on Monday, January 5th. Barclays boosted their price target on shares of Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Royal Bank Of Canada raised their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Daiwa Securities Group lifted their price objective on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $244.50.

Insider Transactions at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

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.