Newport Trust Company LLC Lowers Holdings in Honeywell International Inc. $HON

Newport Trust Company LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,799,099 shares of the conglomerate’s stock after selling 457,376 shares during the quarter. Honeywell International accounts for 6.6% of Newport Trust Company LLC’s portfolio, making the stock its 6th largest position. Newport Trust Company LLC’s holdings in Honeywell International were worth $2,904,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new position in Honeywell International during the 2nd quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC grew its stake in Honeywell International by 491.7% during the third 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. RMG Wealth Management LLC acquired a new stake in shares of Honeywell International during the second quarter worth approximately $33,000. Activest Wealth Management raised its stake in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $221.46 on Friday. The firm has a market cap of $140.60 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.95. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock has a 50-day moving average price of $199.33 and a 200 day moving average price of $209.36.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. DZ Bank dropped their price target on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. TD Cowen lowered their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Evercore ISI started coverage on Honeywell International in a report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price target for the company. Mizuho decreased their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.67.

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.