Quilter Plc Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Quilter Plc lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,616 shares of the conglomerate’s stock after selling 28,370 shares during the quarter. Quilter Plc’s holdings in Honeywell International were worth $18,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. boosted its position in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after buying an additional 47 shares in the last quarter. Saxony Capital Management LLC lifted its position in shares of Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after purchasing an additional 48 shares in the last quarter. Absher Wealth Management LLC lifted its position in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 49 shares in the last quarter. Finally, Bill Few Associates Inc. lifted its position in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group upped their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $248.86.

Honeywell International Stock Performance

Shares of HON stock opened at $205.52 on Monday. The stock has a market cap of $133.64 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The company has a fifty day moving average price of $224.52 and a two-hundred day moving average price of $215.10. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Honeywell International Inc. will post 10.3 EPS for the current year.

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.