Louisiana State Employees Retirement System Sells 3,800 Shares of Honeywell International Inc. (NASDAQ:HON)

Louisiana State Employees Retirement System cut its stake in Honeywell International Inc. (NASDAQ:HON) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,500 shares of the conglomerate’s stock after selling 3,800 shares during the period. Louisiana State Employees Retirement System’s holdings in Honeywell International were worth $18,636,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Signet Investment Advisory Group Inc. grew its stake in Honeywell International by 50.2% in the 4th quarter. Signet Investment Advisory Group Inc. now owns 24,925 shares of the conglomerate’s stock worth $5,630,000 after acquiring an additional 8,328 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its stake in shares of Honeywell International by 35.7% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 2,826 shares of the conglomerate’s stock valued at $638,000 after acquiring an additional 744 shares in the last quarter. Schear Investment Advisers LLC boosted its holdings in shares of Honeywell International by 0.8% in the fourth quarter. Schear Investment Advisers LLC now owns 6,768 shares of the conglomerate’s stock valued at $1,529,000 after purchasing an additional 56 shares during the period. Portfolio Design Labs LLC grew its stake in Honeywell International by 52.1% in the fourth quarter. Portfolio Design Labs LLC now owns 18,083 shares of the conglomerate’s stock worth $4,085,000 after purchasing an additional 6,196 shares in the last quarter. Finally, New Republic Capital LLC purchased a new position in Honeywell International during the 4th quarter worth $230,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity

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

Honeywell International Trading Down 0.8 %

Honeywell International stock opened at $206.94 on Wednesday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $134.56 billion, a PE ratio of 23.76, 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 quick ratio of 1.12 and a current ratio of 1.31. The stock has a 50-day moving average of $224.09 and a two-hundred day moving average of $215.15.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping 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%. On average, research analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HON. JPMorgan Chase & Co. lowered their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday. Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Finally, UBS Group reissued a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.