Xponance Inc. Cuts Stake in Honeywell International Inc. $HON

Xponance Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 85,748 shares of the conglomerate’s stock after selling 5,638 shares during the quarter. Xponance Inc.’s holdings in Honeywell International were worth $18,050,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HON. Bank of New York Mellon Corp grew its stake in shares of Honeywell International by 0.7% during the second 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 grew its position in Honeywell International by 8.1% during the 2nd 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 last quarter. Legal & General Group Plc increased its stake in Honeywell International by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after purchasing an additional 138,235 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in Honeywell International by 23,503.0% during the 2nd 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 in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Honeywell International by 9.9% in the second 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 last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $240.88 on Friday. The firm has a market cap of $153.12 billion, a PE ratio of 30.15, a P/E/G ratio of 3.51 and a beta of 0.94. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $246.00. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average price of $220.19 and a 200 day moving average price of $210.73.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $2.47 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business 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 $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Monday, January 5th. Daiwa Securities Group increased their price objective on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Barclays upped their target price on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Evercore raised their price target on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $249.48.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.20% of the company’s stock.

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.