Vanguard Personalized Indexing Management LLC Cuts Position in Honeywell International Inc. $HON

Vanguard Personalized Indexing Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,832 shares of the conglomerate’s stock after selling 3,896 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Honeywell International were worth $18,071,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Chung Wu Investment Group LLC purchased a new position in Honeywell International during the 2nd quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. RMG Wealth Management LLC acquired a new position in shares of Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management grew its holdings 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 purchasing an additional 115 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Honeywell International during the 2nd quarter worth approximately $33,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $221.46 on Monday. The business has a 50 day moving average price of $199.33 and a 200 day moving average price of $209.15. 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 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 fifty-two week low of $169.21 and a fifty-two week high of $228.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a report on Monday, January 5th. Mizuho lowered their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Morgan Stanley reduced their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group lowered their price objective on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

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.