ABC Arbitrage SA Makes New $1.26 Million Investment in Honeywell International Inc. $HON

ABC Arbitrage SA purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,980 shares of the conglomerate’s stock, valued at approximately $1,259,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Laurel Wealth Advisors LLC raised its stake in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after acquiring an additional 509,456 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Honeywell International during the 2nd quarter worth about $93,152,000. SG Americas Securities LLC lifted its stake in Honeywell International by 357.2% during the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after purchasing an additional 382,152 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Honeywell International by 88.1% during the second quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock worth $186,784,000 after purchasing an additional 375,757 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock opened at $243.35 on Wednesday. The firm has a market capitalization of $154.50 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The stock’s 50 day moving average price is $208.77 and its 200 day moving average price is $208.76. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32. Honeywell International Inc. has a one year low of $169.21 and a one year high of $244.78.

Honeywell International (NASDAQ:HON) last posted its quarterly 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. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.47 EPS. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Royal Bank Of Canada raised their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. DZ Bank cut their price objective on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Sanford C. Bernstein set a $255.00 price target on Honeywell International in a report on Friday, January 16th. Finally, Daiwa Securities Group raised their price objective on shares of Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average 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.