Hemington Wealth Management Raises Position in Honeywell International Inc. (NASDAQ:HON)

Hemington Wealth Management boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,034 shares of the conglomerate’s stock after buying an additional 152 shares during the quarter. Hemington Wealth Management’s holdings in Honeywell International were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the 3rd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. increased its holdings 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 buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp increased its holdings 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 buying an additional 81 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of HON stock opened at $205.01 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average price of $223.69 and a 200 day moving average price of $215.18. The company has a market cap of $133.31 billion, a P/E ratio of 23.54, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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%. Sell-side analysts predict that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group restated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Morgan Stanley boosted their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, 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, February 7th. Ten 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

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.