Renasant Bank Raises Stock Holdings in Honeywell International Inc. $HON

Renasant Bank boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 314.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,433 shares of the conglomerate’s stock after purchasing an additional 3,364 shares during the period. Renasant Bank’s holdings in Honeywell International were worth $933,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HON. Lockheed Martin Investment Management Co. purchased a new stake in Honeywell International in the third quarter valued at approximately $4,147,000. Triton Financial Group Inc purchased a new position in Honeywell International in the 2nd quarter worth approximately $1,001,000. Managed Asset Portfolios LLC increased its holdings in shares of Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after buying an additional 2,154 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Honeywell International by 72.5% during the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after buying an additional 4,061 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth $1,943,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Evercore increased their target price on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Rothschild & Co Redburn increased their price objective on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their target price on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, BNP Paribas Exane increased their price target on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Eleven 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 currently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Honeywell International Price 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. Honeywell International Inc. has a one year low of $169.21 and a one year high of $239.08. The business’s 50 day simple moving average is $206.77 and its two-hundred day simple moving average is $208.93. The stock has a market capitalization of $151.35 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94.

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