2,340 Shares in Honeywell International Inc. $HON Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the third quarter, HoldingsChannel.com reports. The fund acquired 2,340 shares of the conglomerate’s stock, valued at approximately $493,000.

Several other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Honeywell International by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after acquiring an additional 48,968 shares during the last quarter. Unisphere Establishment boosted its holdings in Honeywell International by 8.1% in the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares in the last quarter. Legal & General Group Plc boosted its holdings in Honeywell International by 3.9% in the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after purchasing an additional 138,235 shares in the last quarter. Laurel Wealth Advisors LLC increased 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 purchasing an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Honeywell International by 9.9% during the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after purchasing an additional 263,043 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International 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 sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Up 1.9%

HON stock opened at $238.38 on Monday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $239.08. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32. The company has a fifty day moving average of $206.77 and a 200-day moving average of $208.52. The stock has a market capitalization of $151.35 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94.

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, topping the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 earnings per share. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Evercore upped their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” 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 report on Tuesday, December 23rd. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, BNP Paribas Exane increased their price objective on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.