Honeywell International Inc. $HON Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in Honeywell International Inc. (NASDAQ:HON) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 448,946 shares of the conglomerate’s stock after purchasing an additional 8,227 shares during the period. Honeywell International accounts for approximately 0.6% of UniSuper Management Pty Ltd’s portfolio, making the stock its 28th biggest position. UniSuper Management Pty Ltd’s holdings in Honeywell International were worth $94,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International during the second quarter valued at $26,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the period. RMG Wealth Management LLC purchased a new stake in Honeywell International in the 2nd quarter worth approximately $33,000. Activest Wealth Management grew its stake in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Howard Hughes Medical Institute purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $33,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

NASDAQ:HON opened at $221.46 on Friday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The stock has a 50 day moving average of $199.33 and a two-hundred day moving average of $209.57. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a market cap of $140.60 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on HON shares. Robert W. Baird lowered their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. JPMorgan Chase & Co. upgraded Honeywell International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $218.00 to $255.00 in a research report on Friday, January 16th. Wells Fargo & Company reduced their price target on Honeywell International from $218.00 to $215.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Finally, Morgan Stanley lowered their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Eleven equities 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $237.67.

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.