BI Asset Management Fondsmaeglerselskab A S Boosts Stake in Honeywell International Inc. $HON

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 29.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,862 shares of the conglomerate’s stock after buying an additional 7,727 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Honeywell International were worth $7,128,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC raised its holdings in shares of Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares during the period. Bank of Nova Scotia boosted its stake in shares of Honeywell International by 171.8% in the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after purchasing an additional 509,456 shares during the period. Holocene Advisors LP acquired a new position in shares of Honeywell International in the second quarter valued at approximately $93,152,000. SG Americas Securities LLC boosted its holdings in Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after purchasing an additional 382,152 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Honeywell International by 88.1% during the second quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock worth $186,784,000 after buying an additional 375,757 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HON shares. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Citigroup increased their price target on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 30th. TD Cowen dropped their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Honeywell International Stock Performance

NASDAQ:HON opened at $238.38 on Friday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $239.08. The firm has a market cap of $151.35 billion, a PE ratio of 29.83, a P/E/G ratio of 3.39 and a beta of 0.94. The firm has a 50 day simple moving average of $206.77 and a 200-day simple moving average of $208.93. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm 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 40.40%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president 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 sale was disclosed in a filing with the SEC, which is available through this link. 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.