Honeywell International Inc. (NASDAQ:HON) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097,522 shares of the conglomerate’s stock after selling 15,053 shares during the quarter. Van ECK Associates Corp owned about 0.17% of Honeywell International worth $247,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Exchange Traded Concepts LLC increased its stake in Honeywell International by 112.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock valued at $974,000 after buying an additional 2,490 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Honeywell International by 4.5% during the third quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock worth $253,000 after acquiring an additional 53 shares during the period. Creative Planning raised its holdings in Honeywell International by 6.2% during the third quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock worth $47,653,000 after purchasing an additional 13,420 shares in the last quarter. Brady Family Wealth LLC lifted its position in Honeywell International by 19.8% in the third quarter. Brady Family Wealth LLC now owns 2,270 shares of the conglomerate’s stock valued at $469,000 after purchasing an additional 375 shares during the period. Finally, Lynch & Associates IN boosted its holdings in Honeywell International by 0.8% in the 3rd quarter. Lynch & Associates IN now owns 27,764 shares of the conglomerate’s stock valued at $5,739,000 after purchasing an additional 221 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $205.01 on Thursday. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company has a market capitalization of $133.31 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.55 and a beta of 1.05. The company’s 50 day simple moving average is $223.69 and its 200 day simple moving average is $215.18. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. On average, sell-side analysts predict that Honeywell International Inc. will post 10.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays lowered their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday. Ten research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

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.