Honeywell International Inc. (NASDAQ:HON) Shares Sold by Two Point Capital Management Inc.

Two Point Capital Management Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,282 shares of the conglomerate’s stock after selling 583 shares during the quarter. Honeywell International makes up approximately 4.0% of Two Point Capital Management Inc.’s holdings, making the stock its 11th largest holding. Two Point Capital Management Inc.’s holdings in Honeywell International were worth $11,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the third quarter valued at approximately $25,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International in the 4th quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter worth $29,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $205.01 on Thursday. The business 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. The stock has a market capitalization of $133.31 billion, a price-to-earnings ratio of 23.54, 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 released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate 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.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated 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 owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HON has been the subject of several analyst reports. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Barclays dropped their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.