Empowered Funds LLC Sells 6,013 Shares of Honeywell International Inc. (NASDAQ:HON)

Empowered Funds LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 11.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,808 shares of the conglomerate’s stock after selling 6,013 shares during the quarter. Empowered Funds LLC’s holdings in Honeywell International were worth $10,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the third quarter worth approximately $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $30,000. Financial Avengers Inc. boosted its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 2.0 %

Shares of HON stock opened at $205.52 on Monday. The stock’s fifty day moving average price is $224.52 and its 200 day moving average price is $215.10. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a market cap of $133.64 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Citigroup lowered their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday. UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company cut 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. Ten 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.com, the company has an average rating of “Moderate Buy” and an average price target of $248.86.

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.