Xponance Inc. Sells 5,638 Shares of Honeywell International Inc. $HON

Xponance Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,748 shares of the conglomerate’s stock after selling 5,638 shares during the period. Xponance Inc.’s holdings in Honeywell International were worth $18,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HON. Bank of New York Mellon Corp raised its position in Honeywell International by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after buying an additional 48,968 shares during the last quarter. Unisphere Establishment grew its holdings in Honeywell International by 8.1% in the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares during the last quarter. Legal & General Group Plc grew its holdings in Honeywell International by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after buying an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake 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 in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Honeywell International by 9.9% during the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock valued at $678,935,000 after buying an additional 263,043 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.5%

Shares of Honeywell International stock opened at $240.88 on Friday. 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 $246.00. The company has a market cap of $153.12 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.94. The company’s 50 day moving average is $220.19 and its 200 day moving average is $210.73.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.19 dividend. The ex-dividend date 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 presently 59.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HON shares. Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Barclays lifted their target price on Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.48.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on 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 transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by insiders.

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.