Honeywell International Inc. $HON Stock Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 30.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,104,239 shares of the conglomerate’s stock after purchasing an additional 259,520 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Honeywell International worth $232,442,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HON. Armstrong Fleming & Moore Inc bought a new stake in Honeywell International during the second quarter worth approximately $998,000. Lockheed Martin Investment Management Co. acquired a new position in shares of Honeywell International during the 3rd quarter valued at $4,147,000. Triton Financial Group Inc bought a new stake in shares of Honeywell International in the 2nd quarter worth $1,001,000. Managed Asset Portfolios LLC lifted its holdings in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares during the period. Finally, Baxter Bros Inc. boosted its stake in Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after buying an additional 4,543 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Honeywell International Price Performance

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. The stock has a fifty day moving average of $205.84 and a 200-day moving average of $208.91. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $236.34.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results 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. The firm 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 40.40% and a net margin of 12.74%.Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Barclays boosted their price target on shares of Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. DZ Bank dropped their target price on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. HSBC reduced their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. JPMorgan Chase & Co. upped their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, TD Cowen cut their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.50.

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.