Profund Advisors LLC Has $11.92 Million Stock Holdings in Honeywell International Inc. $HON

Profund Advisors LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 56,615 shares of the conglomerate’s stock after selling 2,459 shares during the period. Profund Advisors LLC’s holdings in Honeywell International were worth $11,917,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC boosted its holdings in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Activest Wealth Management boosted its stake in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the second quarter valued at approximately $33,000. Cedar Mountain Advisors LLC grew its position in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.9%

HON stock opened at $238.38 on Monday. The firm has a 50-day moving average price of $206.77 and a 200-day moving average price of $208.52. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $239.08. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $151.35 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last announced 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 company had revenue of $10.07 billion for the quarter, compared to analyst estimates 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 was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 EPS. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. The Goldman Sachs Group dropped their price target on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Evercore increased their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Finally, Daiwa Securities Group upped their price target on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction 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 completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

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.