State of Michigan Retirement System Decreases Position in Honeywell International Inc. $HON

State of Michigan Retirement System lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,715 shares of the conglomerate’s stock after selling 3,000 shares during the quarter. State of Michigan Retirement System’s holdings in Honeywell International were worth $36,146,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Barnes Dennig Private Wealth Management LLC grew its holdings in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. Activest Wealth Management boosted its position in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International during the second quarter valued at about $33,000. Cedar Mountain Advisors LLC increased its position in shares of Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of 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 in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. The Goldman Sachs Group decreased their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $240.00 in a research note on Tuesday. Robert W. Baird increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Argus boosted their target price on shares of Honeywell International from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Eleven equities 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International Trading Up 1.9%

Honeywell International stock opened at $238.38 on Friday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $239.08. The firm’s 50-day moving average is $206.77 and its 200-day moving average is $208.93. 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 company has a market cap of $151.35 billion, a P/E ratio of 29.83, a PEG ratio of 3.39 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 the consensus estimate of $9.60 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Insider Activity

In related news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.