Honeywell International Inc. (NASDAQ:HON) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,460 shares of the conglomerate’s stock after selling 100,811 shares during the quarter. Banque Pictet & Cie SA’s holdings in Honeywell International were worth $30,147,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth about $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the fourth quarter worth about $30,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.1 %

Shares of HON opened at $205.27 on Friday. 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 12 month low of $189.75 and a 12 month high of $242.77. The stock’s 50 day moving average is $223.20 and its two-hundred day moving average is $215.11. The firm has a market cap of $133.48 billion, a P/E ratio of 23.57, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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%. Analysts predict that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HON has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, 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 legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

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.