Mairs & Power Inc. Reduces Stock Holdings in Honeywell International Inc. $HON

Mairs & Power Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 15.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 249,248 shares of the conglomerate’s stock after selling 43,949 shares during the period. Mairs & Power Inc.’s holdings in Honeywell International were worth $52,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Moors & Cabot Inc. grew its position in shares of Honeywell International by 12.8% in the third quarter. Moors & Cabot Inc. now owns 26,128 shares of the conglomerate’s stock valued at $5,500,000 after purchasing an additional 2,961 shares during the last quarter. National Bank of Canada FI lifted its stake in Honeywell International by 1.7% in the 3rd quarter. National Bank of Canada FI now owns 3,190,152 shares of the conglomerate’s stock valued at $671,526,000 after buying an additional 53,281 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Honeywell International by 12.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 92,298 shares of the conglomerate’s stock valued at $19,429,000 after buying an additional 10,010 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Honeywell International by 14.3% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 11,812 shares of the conglomerate’s stock valued at $2,343,000 after buying an additional 1,482 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Honeywell International by 2.2% during the third quarter. Larson Financial Group LLC now owns 4,922 shares of the conglomerate’s stock worth $1,036,000 after buying an additional 104 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.0%

Shares of NASDAQ HON opened at $234.51 on Tuesday. The stock has a market capitalization of $149.07 billion, a PE ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average of $230.45 and a 200-day moving average of $212.37. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18.

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

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HON shares. Rothschild & Co Redburn boosted their price target on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Barclays boosted their target price on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, BNP Paribas Exane raised their price target on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Twelve 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction dated 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 owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,190 shares of company stock worth $4,244,287 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

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.