Marks Group Wealth Management Inc Sells 789 Shares of Honeywell International Inc. (NASDAQ:HON)

Marks Group Wealth Management Inc cut its position in Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,421 shares of the conglomerate’s stock after selling 789 shares during the period. Honeywell International makes up about 1.0% of Marks Group Wealth Management Inc’s holdings, making the stock its 20th largest holding. Marks Group Wealth Management Inc’s holdings in Honeywell International were worth $9,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in Honeywell International by 112.1% in the 3rd 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 period. Paladin Wealth LLC purchased a new stake in shares of Honeywell International during the third quarter worth $150,000. Stablepoint Partners LLC grew its position in shares of Honeywell International by 10.5% in the third quarter. Stablepoint Partners LLC now owns 1,814 shares of the conglomerate’s stock valued at $375,000 after purchasing an additional 172 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of 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 purchasing an additional 53 shares during the period. Finally, CX Institutional raised its stake in shares of Honeywell International by 589.6% during the 3rd quarter. CX Institutional now owns 46,509 shares of the conglomerate’s stock valued at $9,614,000 after purchasing an additional 39,765 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.8 %

Shares of NASDAQ HON opened at $206.94 on Wednesday. The stock has a market capitalization of $134.56 billion, a P/E ratio of 23.76, a PEG 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 Inc. has a one year low of $189.75 and a one year high of $242.77. The firm’s 50 day simple moving average is $224.09 and its two-hundred day simple moving average is $215.15.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts expect that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Insider Activity

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 stock was sold at an average price of $207.89, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on HON. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. UBS Group restated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Company 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.