Canada Post Corp Registered Pension Plan Purchases 16,155 Shares of Honeywell International Inc. $HON

Canada Post Corp Registered Pension Plan boosted its position in Honeywell International Inc. (NASDAQ:HON) by 151.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,809 shares of the conglomerate’s stock after acquiring an additional 16,155 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Honeywell International were worth $5,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Howard Hughes Medical Institute bought a new position in shares of Honeywell International in the 2nd quarter worth $33,000. Activest Wealth Management lifted its stake in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its holdings in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in shares of Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 150 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction 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 transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade 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 is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HON. The Goldman Sachs Group reduced their price objective on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Royal Bank Of Canada raised their price objective on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. HSBC decreased their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. BNP Paribas Exane raised their price target on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Eleven investment 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 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

Shares of Honeywell International stock opened at $238.38 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. The firm has a market cap of $151.35 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94. Honeywell International Inc. has a one year low of $169.21 and a one year high of $239.08. The stock’s 50-day moving average is $206.77 and its 200-day moving average is $208.93.

Honeywell International (NASDAQ:HON) last announced 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. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the firm earned $2.47 EPS. Honeywell International’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

About Honeywell International

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.