Vestmark Advisory Solutions Inc. Has $635,000 Holdings in Honeywell International Inc. $HON

Vestmark Advisory Solutions Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 76.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,016 shares of the conglomerate’s stock after selling 9,656 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Honeywell International were worth $635,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Laurel Wealth Advisors LLC increased its stake in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Honeywell International by 171.8% during the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after purchasing an additional 509,456 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Honeywell International during the second quarter worth approximately $93,152,000. SG Americas Securities LLC boosted its position in Honeywell International by 357.2% during the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after buying an additional 382,152 shares during the period. Finally, Marshall Wace LLP grew its position in Honeywell International by 88.1% during the 2nd quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock worth $186,784,000 after acquiring an additional 375,757 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

NASDAQ:HON opened at $240.88 on Friday. The firm has a market cap of $153.12 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 3.51 and a beta of 0.94. Honeywell International Inc. has a one year low of $169.21 and a one year high of $246.00. The firm’s fifty day moving average is $220.19 and its two-hundred day moving average is $210.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued 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 for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 earnings per share. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their price target on Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $247.50.

Insider Buying and Selling

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by insiders.

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.