Compagnie Lombard Odier SCmA Decreases Holdings in Honeywell International Inc. $HON

Compagnie Lombard Odier SCmA decreased its position in Honeywell International Inc. (NASDAQ:HON) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,831 shares of the conglomerate’s stock after selling 58,277 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Honeywell International were worth $66,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Honeywell International by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after purchasing an additional 48,968 shares during the last quarter. Unisphere Establishment increased its holdings in shares of Honeywell International by 8.1% in the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after buying an additional 300,000 shares during the period. Legal & General Group Plc increased its holdings in shares of Honeywell International by 3.9% in the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after buying an additional 138,235 shares during the period. Laurel Wealth Advisors LLC lifted its stake 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 acquiring an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Honeywell International by 9.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock valued at $678,935,000 after acquiring an additional 263,043 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.

Honeywell International Trading Up 0.6%

NASDAQ HON opened at $239.84 on Tuesday. The firm has a market capitalization of $152.27 billion, a PE ratio of 30.02, a P/E/G ratio of 3.46 and a beta of 0.94. The stock’s 50 day moving average is $207.76 and its 200 day moving average is $208.63. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $240.95. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on HON shares. The Goldman Sachs Group dropped their price objective on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Daiwa Securities Group increased their price target on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Morgan Stanley cut their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $240.00 in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.50.

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.