Honeywell International Inc. $HON Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 46.9% in the third quarter, HoldingsChannel.com reports. The firm owned 8,292 shares of the conglomerate’s stock after selling 7,317 shares during the period. Fishman Jay A Ltd. MI’s holdings in Honeywell International were worth $1,745,000 at the end of the most recent quarter.

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

Honeywell International Price Performance

Shares of NASDAQ HON opened at $233.85 on Friday. The firm has a market capitalization of $148.47 billion, a P/E ratio of 29.27, a PEG ratio of 3.42 and a beta of 0.94. Honeywell International Inc. has a one year low of $169.21 and a one year high of $236.34. The company’s fifty day moving average is $205.84 and its two-hundred day moving average is $208.91. 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 issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period last year, the company posted $2.47 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HON shares. DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Barclays boosted their price objective on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Monday, January 5th. The Goldman Sachs Group decreased their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. 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 report on Tuesday, November 18th. Eleven investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.50.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on 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 transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company 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.