ProShare Advisors LLC Sells 200,417 Shares of Honeywell International Inc. $HON

ProShare Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 18.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 894,320 shares of the conglomerate’s stock after selling 200,417 shares during the period. ProShare Advisors LLC’s holdings in Honeywell International were worth $188,254,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position 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 worth $1,578,344,000 after purchasing an additional 48,968 shares during the last quarter. Unisphere Establishment raised 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 worth $931,520,000 after buying an additional 300,000 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Honeywell International by 3.9% in the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after buying an additional 138,235 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Honeywell International by 23,503.0% during 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 during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Honeywell International by 9.9% during the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock valued at $678,935,000 after acquiring an additional 263,043 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays upped their price objective on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Citigroup upped their price target on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a report on Friday, January 30th. BNP Paribas Exane boosted their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Eleven 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, Honeywell International currently has an average 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 business’s stock in a transaction 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 transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 1.9%

Shares of Honeywell International stock opened at $238.38 on Monday. 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 company has a market capitalization of $151.35 billion, a P/E ratio of 29.83, a P/E/G ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $239.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm 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%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

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.