ProShare Advisors LLC Sells 200,417 Shares of Honeywell International Inc. $HON

ProShare Advisors LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 894,320 shares of the conglomerate’s stock after selling 200,417 shares during the quarter. ProShare Advisors LLC owned 0.14% of Honeywell International worth $188,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC raised its position in shares of 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 buying an additional 118 shares in the last quarter. Activest Wealth Management increased its stake in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Honeywell International during the second quarter valued at about $33,000. Cedar Mountain Advisors LLC lifted its stake in 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 purchasing an additional 84 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $238.38 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76. The firm’s fifty day simple moving average is $206.77 and its 200 day simple moving average is $208.52. The stock has a market cap of $151.35 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $239.08.

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. 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 analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Rothschild & Co Redburn increased their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Citigroup boosted their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Mizuho cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.50.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’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 value 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. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.