Avion Wealth Has $83,000 Position in Honeywell International Inc. (NASDAQ:HON)

Avion Wealth grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 506.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 370 shares of the conglomerate’s stock after buying an additional 309 shares during the period. Avion Wealth’s holdings in Honeywell International were worth $83,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Baldwin Wealth Partners LLC MA raised its position in shares of Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after buying an additional 2,611 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Honeywell International during the fourth quarter valued at about $3,092,000. RIA Advisory Group LLC acquired a new position in shares of Honeywell International during the third quarter valued at about $6,124,000. Copley Financial Group Inc. acquired a new position in shares of Honeywell International during the third quarter valued at about $454,000. Finally, Sargent Investment Group LLC raised its position in shares of Honeywell International by 268.6% during the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after buying an additional 4,082 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction 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 sale, 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 SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $206.94 on Wednesday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The stock has a market cap of $134.56 billion, a PE ratio of 23.76, a PEG ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. The firm’s 50 day moving average price is $224.09 and its two-hundred day moving average price is $215.15.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HON. The Goldman Sachs Group upped their price objective 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. UBS Group reissued a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Barclays dropped their price target on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.