Legato Capital Management LLC Sells 12,708 Shares of Honeywell International Inc. (NASDAQ:HON)

Legato Capital Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 78.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,529 shares of the conglomerate’s stock after selling 12,708 shares during the quarter. Legato Capital Management LLC’s holdings in Honeywell International were worth $797,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth about $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter worth about $30,000. Financial Avengers Inc. boosted its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Up 0.1 %

HON stock opened at $205.27 on Friday. 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’s 50 day moving average is $223.20 and its 200 day moving average is $215.11. The stock has a market cap of $133.48 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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%. Sell-side analysts predict that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HON. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a 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 company. Based on data from MarketBeat, the stock has a consensus 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.