Honeywell International Inc. (NASDAQ:HON) Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Honeywell International Inc. (NASDAQ:HONGet Rating) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,425 shares of the conglomerate’s stock after selling 2,849 shares during the quarter. Profund Advisors LLC’s holdings in Honeywell International were worth $6,917,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Waters Parkerson & CO. LLC boosted its holdings in shares of Honeywell International by 1.2% in the third quarter. Waters Parkerson & CO. LLC now owns 135,775 shares of the conglomerate’s stock valued at $22,670,000 after acquiring an additional 1,585 shares during the period. Asahi Life Asset Management CO. LTD. lifted its holdings in shares of Honeywell International by 2.8% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 46,009 shares of the conglomerate’s stock worth $7,682,000 after purchasing an additional 1,247 shares during the period. Cowa LLC acquired a new stake in shares of Honeywell International during the third quarter worth $40,000. Commerce Bank lifted its holdings in shares of Honeywell International by 0.4% during the third quarter. Commerce Bank now owns 409,431 shares of the conglomerate’s stock worth $68,363,000 after purchasing an additional 1,524 shares during the period. Finally, XML Financial LLC lifted its holdings in shares of Honeywell International by 112.9% during the third quarter. XML Financial LLC now owns 3,792 shares of the conglomerate’s stock worth $633,000 after purchasing an additional 2,011 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.4 %

Shares of HON stock traded down $2.83 during mid-day trading on Wednesday, reaching $204.10. The stock had a trading volume of 655,706 shares, compared to its average volume of 3,128,682. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $220.96. The firm has a market capitalization of $137.22 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.51 and a beta of 1.11. The firm’s 50-day moving average is $213.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.94 and a current ratio of 1.24.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.09. Honeywell International had a return on equity of 30.73% and a net margin of 15.39%. The business had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Research analysts anticipate that Honeywell International Inc. will post 8.73 EPS for the current year.

Insider Buying and Selling

In related news, CEO Darius Adamczyk sold 40,520 shares of Honeywell International stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $211.20, for a total transaction of $8,557,824.00. Following the completion of the sale, the chief executive officer now owns 170,881 shares in the company, valued at approximately $36,090,067.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Darius Adamczyk sold 40,520 shares of Honeywell International stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $211.20, for a total transaction of $8,557,824.00. Following the completion of the sale, the chief executive officer now owns 170,881 shares in the company, valued at approximately $36,090,067.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Koutsaftes sold 5,420 shares of Honeywell International stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $214.17, for a total value of $1,160,801.40. Following the sale, the chief executive officer now owns 7,343 shares of the company’s stock, valued at approximately $1,572,650.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,440 shares of company stock worth $11,274,575. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on HON. Citigroup increased their price target on Honeywell International from $213.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, December 9th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Saturday, October 8th. Daiwa Capital Markets downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $206.00 to $194.00 in a report on Monday, October 31st. Barclays increased their price target on Honeywell International from $212.00 to $229.00 in a report on Thursday, December 1st. Finally, UBS Group cut Honeywell International from a “buy” rating to a “sell” rating and cut their price objective for the stock from $220.00 to $193.00 in a research report on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $217.93.

Honeywell International Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems, as well as wireless connectivity and management services.

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

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