BTR Capital Management Inc. lowered its holdings in Honeywell International Inc. (NYSE:HON) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,129 shares of the conglomerate’s stock after selling 500 shares during the period. BTR Capital Management Inc.’s holdings in Honeywell International were worth $1,085,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Investors Research Corp lifted its holdings in shares of Honeywell International by 678.3% during the 3rd quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 156 shares during the period. Transamerica Financial Advisors Inc. increased its position in Honeywell International by 2,371.4% during the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 166 shares in the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new position in Honeywell International during the 2nd quarter worth approximately $35,000. Ellevest Inc. increased its position in Honeywell International by 83.2% during the 2nd quarter. Ellevest Inc. now owns 229 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 104 shares in the last quarter. Finally, Strategic Blueprint LLC acquired a new position in Honeywell International during the 3rd quarter worth approximately $47,000. 75.56% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on HON. UBS Group began coverage on shares of Honeywell International in a research report on Thursday, December 12th. They set a “neutral” rating and a $192.00 price objective for the company. Bank of America increased their price objective on shares of Honeywell International from $185.00 to $203.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley decreased their price objective on shares of Honeywell International from $190.00 to $186.00 and set an “overweight” rating for the company in a research report on Tuesday. William Blair reiterated a “hold” rating on shares of Honeywell International in a research report on Monday, November 25th. Finally, Cowen set a $180.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $191.42.
Shares of HON stock traded up $1.22 during mid-day trading on Friday, reaching $183.48. 10,684 shares of the company’s stock traded hands, compared to its average volume of 2,474,480. Honeywell International Inc. has a 12 month low of $137.19 and a 12 month high of $183.12. The company has a market cap of $129.50 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.23 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $177.20 and its 200-day moving average price is $171.94.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.03 EPS. Equities analysts predict that Honeywell International Inc. will post 8.14 earnings per share for the current year.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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