Retirement Systems of Alabama Sells 2,473 Shares of Honeywell International Inc. $HON

Retirement Systems of Alabama cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 135,434 shares of the conglomerate’s stock after selling 2,473 shares during the period. Retirement Systems of Alabama’s holdings in Honeywell International were worth $28,509,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the 2nd quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC raised its stake in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Honeywell International during the second quarter valued at $33,000. Activest Wealth Management lifted its position in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in shares of Honeywell International in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5%

Shares of NASDAQ HON opened at $221.46 on Monday. 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 market cap of $140.60 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.95. The business’s 50 day moving average price is $199.33 and its 200-day moving average price is $209.15.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The company had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.Honeywell International’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HON. Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research report on Friday, January 16th. Citigroup decreased their price objective on Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Bank of America reiterated an “underperform” rating and issued a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Company 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.