Ameritas Advisory Services LLC Reduces Stock Position in Honeywell International Inc. $HON

Ameritas Advisory Services LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 70.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,537 shares of the conglomerate’s stock after selling 5,989 shares during the period. Ameritas Advisory Services LLC’s holdings in Honeywell International were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Howard Hughes Medical Institute bought a new position in Honeywell International in the second quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in Honeywell International by 833.3% in the third 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 period. Finally, Cloud Capital Management LLC bought a new position in Honeywell International during the 3rd quarter worth about $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.6%

NASDAQ HON opened at $241.38 on Monday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $245.63. The company has a fifty day simple moving average of $211.71 and a two-hundred day simple moving average of $209.15. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The stock has a market cap of $153.25 billion, a P/E ratio of 30.21, a P/E/G ratio of 3.50 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the firm earned $2.47 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HON. Deutsche Bank Aktiengesellschaft increased 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. DZ Bank dropped their target price on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. TD Cowen reduced their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Evercore raised their price objective on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International 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.