Sawgrass Asset Management LLC Has $2.45 Million Position in Honeywell International Inc. (NASDAQ:HON)

Sawgrass Asset Management LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,853 shares of the conglomerate’s stock after selling 149 shares during the period. Sawgrass Asset Management LLC’s holdings in Honeywell International were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in shares of Honeywell International by 112.1% during 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 in the last quarter. Wedge Capital Management L L P NC boosted its position 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 in the last quarter. Creative Planning boosted its position in shares of Honeywell International by 6.2% during the 3rd quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock valued at $47,653,000 after purchasing an additional 13,420 shares in the last quarter. Brady Family Wealth LLC boosted its position in shares of Honeywell International by 19.8% during the 3rd quarter. Brady Family Wealth LLC now owns 2,270 shares of the conglomerate’s stock valued at $469,000 after purchasing an additional 375 shares in the last quarter. Finally, Lynch & Associates IN boosted its position in shares of Honeywell International by 0.8% during the 3rd quarter. Lynch & Associates IN now owns 27,764 shares of the conglomerate’s stock valued at $5,739,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $205.01 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $133.31 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.55 and a beta of 1.05. The stock has a 50 day moving average of $223.69 and a 200 day moving average of $215.18. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $248.71.

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.