Fairvoy Private Wealth LLC Invests $262,000 in Honeywell International Inc. (NASDAQ:HON)

Fairvoy Private Wealth LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,159 shares of the conglomerate’s stock, valued at approximately $262,000.

Several other institutional investors have also added to or reduced their stakes in HON. Baldwin Wealth Partners LLC MA lifted its holdings in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after purchasing an additional 2,611 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Honeywell International in the fourth quarter worth about $3,092,000. RIA Advisory Group LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $6,124,000. Copley Financial Group Inc. purchased a new position in Honeywell International during the third quarter valued at approximately $454,000. Finally, Sargent Investment Group LLC increased its holdings in Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after acquiring an additional 4,082 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $205.52 on Friday. The stock has a market capitalization of $133.64 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The business’s 50 day simple moving average is $225.07 and its two-hundred day simple moving average is $215.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. Analysts forecast that Honeywell International Inc. will post 9.78 EPS for the current year.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Bank of America raised their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Company 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.