Honeywell International Inc. (NASDAQ:HON) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 82,500 shares of the conglomerate’s stock after selling 3,800 shares during the period. Louisiana State Employees Retirement System’s holdings in Honeywell International were worth $18,636,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. ZWJ Investment Counsel Inc. raised its position in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC increased its stake in shares of Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after buying an additional 47 shares during the period. Magnus Financial Group LLC raised its holdings in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 48 shares in the last quarter. Absher Wealth Management LLC lifted its stake in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares during the last quarter. Finally, Bill Few Associates Inc. grew its holdings in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of HON opened at $206.94 on Wednesday. The company’s 50 day simple moving average is $224.09 and its 200-day simple moving average is $215.15. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a market cap of $134.56 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. 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 (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts predict that Honeywell International Inc. will post 10.3 EPS for the current year.

Honeywell International Profile

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.