1ST Source Bank Has $17.54 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

1ST Source Bank reduced its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,958 shares of the conglomerate’s stock after selling 325 shares during the period. Honeywell International accounts for approximately 1.2% of 1ST Source Bank’s holdings, making the stock its 14th largest holding. 1ST Source Bank’s holdings in Honeywell International were worth $17,543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Horizon Bancorp Inc. IN acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $26,000. True Wealth Design LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $31,000. Spotlight Asset Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter valued at about $32,000. Financial Gravity Asset Management Inc. bought a new position in shares of Honeywell International in the 2nd quarter valued at about $2,328,000. Finally, Steward Financial Group LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at about $44,000. 74.61% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

Honeywell International stock traded up $2.08 during midday trading on Monday, reaching $196.92. 916,551 shares of the company’s stock were exchanged, compared to its average volume of 3,291,335. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The firm has a market cap of $129.82 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.29 and a beta of 1.04. The stock’s 50-day simple moving average is $201.66 and its 200 day simple moving average is $192.52. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HONGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the company posted $2.52 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 9.98 earnings per share for the current fiscal year.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 41,000 shares of Honeywell International stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $191.72, for a total value of $7,860,520.00. Following the completion of the sale, the director now directly owns 180,453 shares in the company, valued at $34,596,449.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HON shares. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Wells Fargo & Company raised their price objective on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Barclays lifted their price target on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $217.00.

Check Out Our Latest Research Report on Honeywell International

Honeywell International Company Profile

(Free Report)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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