Twin Capital Management Inc. Sells 6,156 Shares of Honeywell International Inc. $HON

Twin Capital Management Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 26.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,734 shares of the conglomerate’s stock after selling 6,156 shares during the quarter. Twin Capital Management Inc.’s holdings in Honeywell International were worth $3,523,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HON. Howard Hughes Medical Institute bought a new position in Honeywell International in the second quarter worth about $33,000. Activest Wealth Management grew its position in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Barnes Dennig Private Wealth Management LLC grew 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 buying an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Honeywell International by 116.7% during the 3rd 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. Finally, SJS Investment Consulting Inc. lifted its position in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Honeywell International Trading Up 1.9%

Honeywell International stock opened at $238.38 on Friday. The stock has a 50-day moving average price of $206.77 and a 200 day moving average price of $208.93. The company has a market capitalization of $151.35 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $239.08. 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 (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. Honeywell International’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.47 EPS. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HON shares. Bank of America reaffirmed an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Morgan Stanley decreased their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Mizuho lowered their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Evercore upped their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Eleven equities 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. According to MarketBeat, the stock 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.