MainStreet Investment Advisors LLC Has $9.07 Million Position in Honeywell International Inc. $HON

MainStreet Investment Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,071 shares of the conglomerate’s stock after selling 3,683 shares during the period. Honeywell International accounts for 1.2% of MainStreet Investment Advisors LLC’s holdings, making the stock its 25th biggest position. MainStreet Investment Advisors LLC’s holdings in Honeywell International were worth $9,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Wealth Group LLC boosted its holdings in shares of Honeywell International by 4.3% during the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after buying an additional 46 shares during the period. Nova R Wealth Inc. lifted its position in Honeywell International by 3.0% during the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 47 shares during the last quarter. Wealth Management Associates Inc. boosted its holdings in shares of Honeywell International by 4.2% during the second quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock worth $295,000 after acquiring an additional 51 shares during the period. Hills Bank & Trust Co grew its position in shares of Honeywell International by 0.5% in the second quarter. Hills Bank & Trust Co now owns 10,775 shares of the conglomerate’s stock valued at $2,509,000 after purchasing an additional 51 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Honeywell International by 0.6% during the third quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of several recent research reports. Daiwa Securities Group boosted their price target on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Robert W. Baird increased their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research report on Friday, January 16th. Barclays upped their price target on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, HSBC dropped their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.32.

View Our Latest Report on Honeywell International

Insider Activity

In related news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock worth $4,244,287 over the last ninety days. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 1.3%

HON opened at $243.97 on Monday. The stock has a market capitalization of $155.09 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 3.53 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $245.63. The company has a 50-day simple moving average of $216.67 and a 200 day simple moving average of $209.92.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the business posted $2.47 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

Honeywell International News Summary

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Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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