Renasant Bank Acquires 3,364 Shares of Honeywell International Inc. $HON

Renasant Bank boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 314.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,433 shares of the conglomerate’s stock after purchasing an additional 3,364 shares during the quarter. Renasant Bank’s holdings in Honeywell International were worth $933,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HON. Summit Wealth Group LLC raised its position in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after acquiring an additional 46 shares in the last quarter. Nova R Wealth Inc. grew its stake in Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after purchasing an additional 47 shares during the period. Fielder Capital Group LLC raised its holdings in Honeywell International by 2.1% in the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 48 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Honeywell International by 2.1% during the second quarter. Revolve Wealth Partners LLC now owns 2,437 shares of the conglomerate’s stock valued at $568,000 after buying an additional 51 shares during the period. Finally, Wealth Management Associates Inc. lifted its position in Honeywell International by 4.2% during the second quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock valued at $295,000 after buying an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction 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 sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of HON stock opened at $238.38 on Friday. 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 company has a 50 day moving average price of $206.77 and a 200-day moving average price of $208.93. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $239.08. The firm has a market capitalization of $151.35 billion, a PE ratio of 29.83, a P/E/G ratio of 3.39 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the company posted $2.47 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analyst Ratings Changes

HON has been the subject of several research reports. Mizuho decreased their price target 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. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a report on Friday, January 16th. The Goldman Sachs Group decreased their target price on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Wells Fargo & Company boosted their price target on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Vertical Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Monday, January 5th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.