Old Port Advisors Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Old Port Advisors lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,000 shares of the conglomerate’s stock after acquiring an additional 56 shares during the quarter. Old Port Advisors’ holdings in Honeywell International were worth $2,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. increased its stake 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 purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp increased its stake 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 purchasing an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.37 during trading on Thursday, hitting $226.26. The stock had a trading volume of 492,334 shares, compared to its average volume of 3,191,750. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market cap of $147.12 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 2.85 and a beta of 1.05. The business’s 50-day moving average is $224.31 and its 200 day moving average is $213.81.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised their target price on Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. UBS Group reiterated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Citigroup boosted their price target on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $249.57.

Honeywell International Profile

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.