Rockland Trust Co. Boosts Stake in Honeywell International Inc. $HON

Rockland Trust Co. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 15.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,693 shares of the conglomerate’s stock after buying an additional 16,207 shares during the period. Honeywell International comprises about 1.0% of Rockland Trust Co.’s holdings, making the stock its 29th largest holding. Rockland Trust Co.’s holdings in Honeywell International were worth $25,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC boosted 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 buying an additional 3,700,786 shares during the period. Bank of Nova Scotia lifted its position in shares of Honeywell International by 171.8% during the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after buying 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 $93,152,000. SG Americas Securities LLC lifted its holdings in shares of Honeywell International by 357.2% in the 2nd 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 last quarter. Finally, Marshall Wace LLP lifted its stake in Honeywell International by 88.1% in the second quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after buying an additional 375,757 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on 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 completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $239.84 on Tuesday. The company has a market capitalization of $152.27 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $240.95. The business has a 50-day moving average of $207.76 and a 200-day moving average of $208.63. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating 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 business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the business earned $2.47 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HON. Vertical Research downgraded 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. HSBC decreased their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upped their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Wells Fargo & Company increased their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Finally, BNP Paribas Exane increased their target price on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

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.