First Citizens Financial Corp Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

First Citizens Financial Corp increased its stake in Honeywell International Inc. (NASDAQ:HON) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,975 shares of the conglomerate’s stock after acquiring an additional 74 shares during the period. First Citizens Financial Corp’s holdings in Honeywell International were worth $446,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Honeywell International by 10.8% in the fourth quarter. GAMMA Investing LLC now owns 6,319 shares of the conglomerate’s stock worth $1,427,000 after purchasing an additional 616 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Honeywell International by 5.1% in the fourth quarter. Versant Capital Management Inc now owns 3,353 shares of the conglomerate’s stock worth $757,000 after buying an additional 162 shares during the period. Old Port Advisors lifted its stake in shares of Honeywell International by 0.5% during the 4th quarter. Old Port Advisors now owns 11,000 shares of the conglomerate’s stock worth $2,485,000 after acquiring an additional 56 shares during the last quarter. SK Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter valued at $235,000. Finally, Principal Financial Group Inc. increased its stake in Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after purchasing an additional 28,812 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Eleven equities 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $249.57.

Honeywell International Stock Up 0.5 %

Shares of HON stock traded up $1.15 during trading hours on Friday, reaching $226.67. 737,435 shares of the company’s stock were exchanged, compared to its average volume of 1,356,343. The stock has a market cap of $147.39 billion, a PE ratio of 26.17, a PEG ratio of 2.85 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average price is $224.64 and its two-hundred day moving average price is $213.89. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

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.