Honeywell International (NASDAQ:HON) VP Robert Mailloux Sells 5,274 Shares

Honeywell International Inc. (NASDAQ:HON) VP Robert Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This trade represents a 52.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Honeywell International Trading Up 0.6%

NASDAQ HON opened at $239.84 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. The company has a market cap of $152.27 billion, a P/E ratio of 30.02, a P/E/G ratio of 3.46 and a beta of 0.94. The company has a 50-day moving average of $207.76 and a 200-day moving average of $208.63. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $240.95.

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 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 company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the firm earned $2.47 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently modified their holdings of HON. Holos Integrated Wealth LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in Honeywell International in the 4th quarter valued at $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management raised its holdings 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 acquiring an additional 115 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted 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 worth $30,000 after acquiring an additional 118 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group lowered their target price on Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Barclays increased their price target on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research note on Friday, January 16th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.50.

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.