Midwest Trust Co Grows Holdings in Honeywell International Inc. $HON

Midwest Trust Co lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,924 shares of the conglomerate’s stock after acquiring an additional 7,062 shares during the quarter. Midwest Trust Co’s holdings in Honeywell International were worth $40,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management boosted its position in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Barnes Dennig Private Wealth Management LLC grew its position in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 150 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HON shares. Mizuho decreased their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Monday, January 5th. Citigroup raised their price target on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research report on Friday, January 16th. Eleven investment 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 data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.50.

Honeywell International Trading Up 0.6%

HON opened at $239.84 on Tuesday. The business’s 50-day simple moving average is $207.76 and its 200-day simple moving average is $208.63. The company has a market cap of $152.27 billion, a P/E ratio of 30.02, a PEG ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a one year low of $169.21 and a one year high of $240.95. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating 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 company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the prior year, the firm posted $2.47 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect 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.