Honeywell International Inc. $HON Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,074 shares of the conglomerate’s stock after selling 4,203 shares during the quarter. SVB Wealth LLC’s holdings in Honeywell International were worth $6,751,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC grew its holdings in 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 buying an additional 3,700,786 shares during the period. Bank of Nova Scotia boosted its position in shares of Honeywell International by 171.8% in the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after acquiring an additional 509,456 shares during the last quarter. Holocene Advisors LP purchased a new stake in Honeywell International in the second quarter valued at approximately $93,152,000. SG Americas Securities LLC grew its holdings in Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after purchasing an additional 382,152 shares during the period. Finally, Marshall Wace LLP increased its position in Honeywell International by 88.1% during the second quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock worth $186,784,000 after purchasing an additional 375,757 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. HSBC decreased their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Rothschild & Co Redburn lifted their target price on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Barclays boosted their price target on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Wall Street Zen upgraded Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Finally, Robert W. Baird boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Eleven investment 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 data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Honeywell International stock opened at $239.84 on Tuesday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $240.95. 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 company has a market capitalization of $152.27 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94. The firm’s fifty day moving average price is $207.76 and its 200 day moving average price is $208.63.

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, topping analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 10.34 EPS 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.