Honeywell International Inc. $HON Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,772 shares of the conglomerate’s stock after selling 6,014 shares during the quarter. HighTower Advisors LLC owned 0.07% of Honeywell International worth $87,518,000 at the end of the most recent quarter.

A number of other institutional investors also recently 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 buying an additional 118 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Cedar Mountain Advisors LLC grew its position in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Honeywell International by 833.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.6%

Shares of NASDAQ:HON opened at $241.38 on Monday. The stock has a market capitalization of $153.25 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The company’s fifty day moving average is $211.71 and its two-hundred day moving average is $209.15. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $245.63. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32.

Honeywell International (NASDAQ:HON) last announced 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. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HON. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Rothschild & Co Redburn raised their target price on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. BNP Paribas Exane increased their price target on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, HSBC lowered their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Honeywell International 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.