Profund Advisors LLC Sells 2,459 Shares of Honeywell International Inc. $HON

Profund Advisors LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,615 shares of the conglomerate’s stock after selling 2,459 shares during the period. Profund Advisors LLC’s holdings in Honeywell International were worth $11,917,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Rothschild & Co Redburn upped their target price on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Royal Bank Of Canada increased their price target on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Wells Fargo & Company boosted their price target on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Mizuho lowered their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.50.

Honeywell International Stock Up 1.9%

HON stock opened at $238.38 on Monday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $239.08. The business’s 50 day simple moving average is $206.77 and its 200 day simple moving average is $208.52. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $151.35 billion, a PE ratio of 29.83, a PEG ratio of 3.46 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the business posted $2.47 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International 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.