Honeywell International Inc. $HON Holdings Decreased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,053 shares of the conglomerate’s stock after selling 3,684 shares during the quarter. Wealthfront Advisers LLC’s holdings in Honeywell International were worth $14,957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new position in shares of Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management raised its holdings in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Barnes Dennig Private Wealth Management LLC lifted its position in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the period. Cedar Mountain Advisors LLC lifted its position in Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. boosted its stake in Honeywell International by 833.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.5%

Shares of NASDAQ HON opened at $243.35 on Wednesday. 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 12 month low of $169.21 and a 12 month high of $244.78. The company has a market cap of $154.50 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 3.48 and a beta of 0.94. The business has a fifty day simple moving average of $208.77 and a 200-day simple moving average of $208.76.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 return on equity of 40.40% and a net margin of 12.74%.The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the company earned $2.47 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Insider Activity

In related news, VP Robert D. Mailloux sold 5,274 shares of the company’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 value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Mizuho dropped their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Robert W. Baird lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. BNP Paribas Exane upped their price target on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Vertical Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Monday, January 5th. Finally, Evercore lifted their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $244.50.

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.