Prospera Financial Services Inc Purchases 11,598 Shares of Honeywell International Inc. $HON

Prospera Financial Services Inc grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,987 shares of the conglomerate’s stock after purchasing an additional 11,598 shares during the quarter. Prospera Financial Services Inc’s holdings in Honeywell International were worth $17,054,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after buying an additional 2,629 shares during the period. Concurrent Investment Advisors LLC grew its position in Honeywell International by 19.1% during the second quarter. Concurrent Investment Advisors LLC now owns 37,100 shares of the conglomerate’s stock worth $8,640,000 after buying an additional 5,945 shares in the last quarter. Lodestar Private Asset Management LLC increased its stake in Honeywell International by 16.2% during the second quarter. Lodestar Private Asset Management LLC now owns 1,505 shares of the conglomerate’s stock valued at $350,000 after acquiring an additional 210 shares during the period. Finally, CWM LLC raised its holdings in Honeywell International by 9.3% in the 2nd quarter. CWM LLC now owns 47,799 shares of the conglomerate’s stock valued at $11,131,000 after acquiring an additional 4,075 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

NASDAQ:HON opened at $239.84 on Tuesday. 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 has a market cap of $152.27 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $240.95. The company’s 50-day moving average price is $207.76 and its two-hundred day moving average price is $208.63.

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

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research reports. Barclays boosted their price objective on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. TD Cowen decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. 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 note on Monday, January 5th. Jefferies Financial Group lifted their target price on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.50.

Insider Activity

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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.