Illinois Municipal Retirement Fund Sells 2,347 Shares of Honeywell International Inc. $HON

Illinois Municipal Retirement Fund lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,320 shares of the conglomerate’s stock after selling 2,347 shares during the period. Illinois Municipal Retirement Fund’s holdings in Honeywell International were worth $3,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Honeywell International by 491.7% in the 3rd 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 in the last quarter. Howard Hughes Medical Institute purchased a new position in Honeywell International during the second quarter valued at $33,000. Cedar Mountain Advisors LLC boosted its holdings 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 acquiring an additional 84 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity

In related news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were 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 directly owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $241.38 on Friday. The firm has a market capitalization of $153.25 billion, a P/E ratio of 30.21, a PEG ratio of 3.50 and a beta of 0.94. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. Honeywell International Inc. has a one year low of $169.21 and a one year high of $245.63. The business has a fifty day moving average of $211.71 and a 200 day moving average of $209.24.

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 analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HON shares. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research note on Friday, January 16th. Evercore lifted their target price on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. DZ Bank cut their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Rothschild & Co Redburn raised their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Eleven 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.