Fifth Third Bancorp Reduces Holdings in Honeywell International Inc. $HON

Fifth Third Bancorp lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 502,745 shares of the conglomerate’s stock after selling 5,974 shares during the quarter. Fifth Third Bancorp owned about 0.08% of Honeywell International worth $105,828,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HON. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International in the 2nd quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the period. Cedar Mountain Advisors LLC lifted its position in Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares during the period. Finally, Cloud Capital Management LLC purchased a new position in Honeywell International during the third quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HON. Barclays upped their price objective on shares of Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Wall Street Zen upgraded Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Bank of America reaffirmed an “underperform” rating and issued a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Robert W. Baird boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Citigroup raised their target price on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Insider Transactions at Honeywell International

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

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $241.38 on Monday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $245.63. The company has a market cap of $153.25 billion, a PE ratio of 30.21, a P/E/G ratio of 3.50 and a beta of 0.94. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32. The business has a 50-day simple moving average of $211.71 and a 200-day simple moving average of $209.15.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share 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 firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the company earned $2.47 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast 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.