Great Lakes Retirement Inc. Cuts Position in Honeywell International Inc. (NASDAQ:HON)

Great Lakes Retirement Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,345 shares of the conglomerate’s stock after selling 255 shares during the quarter. Honeywell International comprises about 1.2% of Great Lakes Retirement Inc.’s investment portfolio, making the stock its 22nd biggest position. Great Lakes Retirement Inc.’s holdings in Honeywell International were worth $9,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Exchange Traded Concepts LLC increased its stake in shares of Honeywell International by 112.1% in the third quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock worth $974,000 after buying an additional 2,490 shares during the last quarter. Paladin Wealth LLC bought a new position in Honeywell International in the 3rd quarter worth approximately $150,000. Stablepoint Partners LLC increased its position in Honeywell International by 10.5% in the 3rd quarter. Stablepoint Partners LLC now owns 1,814 shares of the conglomerate’s stock valued at $375,000 after acquiring an additional 172 shares during the period. Wedge Capital Management L L P NC raised its stake in Honeywell International by 4.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock valued at $253,000 after acquiring an additional 53 shares in the last quarter. Finally, CX Institutional boosted its position in Honeywell International by 589.6% during the 3rd quarter. CX Institutional now owns 46,509 shares of the conglomerate’s stock worth $9,614,000 after acquiring an additional 39,765 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

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

Honeywell International Stock Down 0.8 %

Shares of NASDAQ:HON opened at $206.94 on Wednesday. The company’s fifty day moving average is $224.09 and its 200-day moving average is $215.15. 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 Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a market capitalization of $134.56 billion, a PE ratio of 23.76, a P/E/G ratio of 2.55 and a beta of 1.05.

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, 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%. Equities research analysts predict that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays dropped their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.71.

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.