Shell Asset Management Co. Sells 14,501 Shares of Honeywell International Inc. $HON

Shell Asset Management Co. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 48.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,179 shares of the conglomerate’s stock after selling 14,501 shares during the period. Shell Asset Management Co.’s holdings in Honeywell International were worth $3,195,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Lockheed Martin Investment Management Co. purchased a new stake in Honeywell International in the 3rd quarter worth approximately $4,147,000. First National Trust Co boosted its position in shares of Honeywell International by 9.4% in the third quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after purchasing an additional 6,803 shares during the period. Triton Financial Group Inc purchased a new stake in shares of Honeywell International in the second quarter worth $1,001,000. Managed Asset Portfolios LLC raised its position in shares of Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after purchasing an additional 2,154 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Honeywell International by 72.5% during the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after buying an additional 4,061 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $241.38 on Friday. The company has a market cap of $153.25 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.50 and a beta of 0.94. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $245.63. The stock’s 50 day simple moving average is $211.71 and its two-hundred day simple moving average is $209.24. 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 (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company earned $2.47 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore increased their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Argus increased their price objective on shares of Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Barclays boosted their target price on shares of Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

About Honeywell International

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.