Advisors Asset Management Inc. Boosts Stock Position in Honeywell International Inc. $HON

Advisors Asset Management Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,647 shares of the conglomerate’s stock after purchasing an additional 2,501 shares during the quarter. Advisors Asset Management Inc.’s holdings in Honeywell International were worth $4,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Summit Wealth Group LLC increased its holdings in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after buying an additional 46 shares during the last quarter. Nova R Wealth Inc. grew its position in Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 47 shares in the last quarter. Fielder Capital Group LLC increased its stake in Honeywell International by 2.1% in the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after acquiring an additional 48 shares during the last quarter. Wealth Management Associates Inc. raised its position in Honeywell International by 4.2% during the second quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock valued at $295,000 after purchasing an additional 51 shares in the last quarter. Finally, Hills Bank & Trust Co lifted its stake in Honeywell International by 0.5% during the second quarter. Hills Bank & Trust Co now owns 10,775 shares of the conglomerate’s stock worth $2,509,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the 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 transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Rothschild & Co Redburn increased their target price on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Royal Bank Of Canada raised their price objective on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a research note on Friday, January 16th. Barclays increased their target price on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $244.50.

Honeywell International Stock Performance

Shares of HON stock opened at $241.38 on Friday. The company’s fifty day moving average price is $211.71 and its 200-day moving average price is $209.33. The stock has a market cap of $153.25 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $245.63.

Honeywell International (NASDAQ:HON) last announced its 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. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

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.