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

BTC Capital Management Inc. lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 22.5% during the third quarter, according to its most recent 13F filing 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 period. BTC Capital Management Inc.’s holdings in Honeywell International were worth $4,491,000 at the end of the most recent quarter.

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

Honeywell International Stock Performance

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 PE ratio of 30.21, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The firm’s fifty day simple moving average is $211.71 and its 200-day simple moving average is $209.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the business earned $2.47 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company increased their price target on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Mizuho lowered their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. HSBC dropped their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, BNP Paribas Exane increased their target price 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.50.

Insider Activity at Honeywell International

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 stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

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.