MainStreet Investment Advisors LLC Sells 3,683 Shares of Honeywell International Inc. $HON

MainStreet Investment Advisors LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 7.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,071 shares of the conglomerate’s stock after selling 3,683 shares during the quarter. Honeywell International accounts for about 1.2% of MainStreet Investment Advisors LLC’s holdings, making the stock its 25th biggest position. MainStreet Investment Advisors LLC’s holdings in Honeywell International were worth $9,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Honeywell International by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after acquiring an additional 48,968 shares during the last quarter. Unisphere Establishment lifted its holdings in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after purchasing an additional 300,000 shares during the period. Legal & General Group Plc grew its stake in shares of Honeywell International by 3.9% in the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after purchasing an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Honeywell International by 9.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after buying an additional 263,043 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HON shares. BNP Paribas Exane increased their price target on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Rothschild & Co Redburn increased their target price on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Robert W. Baird boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.32.

Read Our Latest Analysis on HON

Key Headlines Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Honeywell International Stock Performance

Shares of HON opened at $243.97 on Monday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $245.63. The company has a market cap of $155.09 billion, a PE ratio of 30.53, a P/E/G ratio of 3.53 and a beta of 0.94. The stock has a 50-day moving average of $216.67 and a 200-day moving average of $209.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on 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. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.41% of the company’s stock.

Honeywell International Company Profile

(Free Report)

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.

Featured Stories

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

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