Honeywell International Inc. (NASDAQ:HON) VP Anne T. Madden Sells 28,885 Shares

Honeywell International Inc. (NASDAQ:HON) VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $1.58 on Tuesday, reaching $206.94. 2,804,522 shares of the company were exchanged, compared to its average volume of 4,066,541. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a 50-day moving average of $224.09 and a 200-day moving average of $215.15. The firm has a market cap of $134.56 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities analysts forecast that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

Several large investors have recently modified their holdings of the business. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the third quarter valued at $25,000. Mainstream Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co grew its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter valued at about $29,000. Finally, Hoese & Co LLP purchased a new position in shares of Honeywell International during the 4th quarter worth about $30,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on HON. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. UBS Group reiterated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.