2,340 Shares in Honeywell International Inc. $HON Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,340 shares of the conglomerate’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Wealth Group LLC lifted its stake in shares of Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after buying an additional 46 shares in the last quarter. Nova R Wealth Inc. increased its holdings in shares of Honeywell International by 3.0% during the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after buying an additional 47 shares during the last quarter. Fielder Capital Group LLC lifted its holdings in Honeywell International by 2.1% in the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after acquiring an additional 48 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Honeywell International by 2.1% in the second quarter. Revolve Wealth Partners LLC now owns 2,437 shares of the conglomerate’s stock worth $568,000 after acquiring an additional 51 shares during the period. Finally, Wealth Management Associates Inc. increased its stake in Honeywell International by 4.2% during the second quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock worth $295,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Barclays upped their price target on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. DZ Bank decreased their target price on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Mizuho lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Royal Bank Of Canada boosted their price target on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Daiwa Securities Group upped their price objective on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Insiders Place Their Bets

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Shares of HON opened at $238.38 on Monday. The company has a market cap of $151.35 billion, a P/E ratio of 29.83, a PEG ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $239.08. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average price is $206.77 and its 200 day moving average price is $208.52.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business 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%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 earnings per share. On average, research analysts forecast 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.