Honeywell International Inc. $HON Stock Position Trimmed by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 171,715 shares of the conglomerate’s stock after selling 3,000 shares during the period. State of Michigan Retirement System’s holdings in Honeywell International were worth $36,146,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Lockheed Martin Investment Management Co. bought a new position in shares of Honeywell International in the third quarter worth $4,147,000. Triton Financial Group Inc acquired a new stake in Honeywell International in the second quarter worth about $1,001,000. Managed Asset Portfolios LLC grew its position in Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares in the last quarter. Federated Hermes Inc. increased its stake in Honeywell International by 72.5% during the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after buying an additional 4,061 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth about $1,943,000. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were 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 of the company’s stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Honeywell International Stock Up 1.9%

Shares of Honeywell International stock opened at $238.38 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $239.08. The firm has a market capitalization of $151.35 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94. 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 stock’s fifty day moving average is $206.77 and its 200-day moving average is $208.93.

Honeywell International (NASDAQ:HON) last released its quarterly 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. The business had revenue of $10.07 billion during 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%.Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $2.47 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Barclays increased their price target on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. DZ Bank dropped their price objective on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Wells Fargo & Company upped their price objective on Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Argus lifted their target price on Honeywell International from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.50.

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.