Mirabella Financial Services LLP Sells 18,548 Shares of Honeywell International Inc. $HON

Mirabella Financial Services LLP lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 41.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,144 shares of the conglomerate’s stock after selling 18,548 shares during the period. Mirabella Financial Services LLP’s holdings in Honeywell International were worth $5,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth $31,000. Howard Hughes Medical Institute bought a new stake in Honeywell International in the second quarter valued at about $33,000. Cedar Mountain Advisors LLC increased its holdings in Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. Finally, Strive Asset Management LLC acquired a new position in Honeywell International in the third quarter valued at about $33,000. Institutional investors own 75.91% of the company’s stock.

More Honeywell International News

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

Insider Activity at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction 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 directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock valued at $4,244,287 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Daiwa Securities Group raised their target price on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Mizuho cut their price target on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Barclays lifted their price objective on shares of Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Argus upped their target price on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued 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 $251.65.

View Our Latest Analysis on HON

Honeywell International Stock Down 0.6%

Shares of Honeywell International stock opened at $229.92 on Thursday. The company has a market capitalization of $146.16 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 3.35 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The business has a 50-day moving average of $231.59 and a two-hundred day moving average of $212.57. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. Honeywell International’s payout ratio is presently 59.57%.

About Honeywell International

(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.

Further Reading

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

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