Spire Wealth Management Sells 2,009 Shares of Honeywell International Inc. (NASDAQ:HON)

Spire Wealth Management lowered its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,269 shares of the conglomerate’s stock after selling 2,009 shares during the quarter. Spire Wealth Management’s holdings in Honeywell International were worth $1,343,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Marco Investment Management LLC raised its stake in Honeywell International by 8.8% during the 2nd quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock worth $8,590,000 after buying an additional 3,342 shares during the period. MV Capital Management Inc. increased its holdings in Honeywell International by 19.4% during the 2nd quarter. MV Capital Management Inc. now owns 634 shares of the conglomerate’s stock worth $132,000 after purchasing an additional 103 shares in the last quarter. Franklin Resources Inc. increased its holdings in Honeywell International by 23.0% during the 2nd quarter. Franklin Resources Inc. now owns 7,351,590 shares of the conglomerate’s stock worth $1,525,455,000 after purchasing an additional 1,374,199 shares in the last quarter. Ironwood Investment Counsel LLC increased its holdings in Honeywell International by 27.9% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 2,557 shares of the conglomerate’s stock worth $531,000 after purchasing an additional 558 shares in the last quarter. Finally, Wedgewood Investors Inc. PA increased its holdings in Honeywell International by 6.2% during the 2nd quarter. Wedgewood Investors Inc. PA now owns 1,278 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Wells Fargo & Company lifted their price target on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. Finally, Barclays lifted their price target on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $217.00.

View Our Latest Stock Analysis on Honeywell International

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $191.72, for a total transaction of $7,860,520.00. Following the completion of the transaction, the director now directly owns 180,453 shares in the company, valued at $34,596,449.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.43% of the company’s stock.

Honeywell International Trading Up 0.3 %

Shares of HON stock opened at $193.64 on Wednesday. The firm has a 50 day moving average price of $201.77 and a two-hundred day moving average price of $192.51. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $127.66 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the business earned $2.52 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts predict that Honeywell International Inc. will post 10 earnings per share for the current year.

Honeywell International Company Profile

(Free Report)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.

See Also

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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