Madison Asset Management LLC Boosts Stock Position in Honeywell International Inc. $HON

Madison Asset Management LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,974 shares of the conglomerate’s stock after buying an additional 10,448 shares during the quarter. Madison Asset Management LLC’s holdings in Honeywell International were worth $33,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Honeywell International by 145.7% in the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after purchasing an additional 2,629 shares during the last quarter. CWM LLC boosted its holdings in Honeywell International by 9.3% in the 2nd quarter. CWM LLC now owns 47,799 shares of the conglomerate’s stock valued at $11,131,000 after purchasing an additional 4,075 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Honeywell International by 14.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 356,767 shares of the conglomerate’s stock valued at $85,185,000 after buying an additional 44,136 shares during the period. Finally, MGO One Seven LLC increased its holdings in shares of Honeywell International by 1.3% during the 2nd quarter. MGO One Seven LLC now owns 10,403 shares of the conglomerate’s stock worth $2,423,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HON shares. Daiwa Securities Group upped their price objective on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a research report on Friday, January 30th. DZ Bank lowered their price target on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. 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. Finally, 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 research report on Monday, January 5th. Eleven research 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. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International Trading Up 1.5%

Shares of NASDAQ HON opened at $243.35 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $154.50 billion, a PE ratio of 30.46, a PEG ratio of 3.48 and a beta of 0.94. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $244.78. The stock has a fifty day simple moving average of $208.77 and a 200-day simple moving average of $208.76.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business posted $2.47 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Insider Activity

In other news, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% 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.