ST Germain D J Co. Inc. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,323 shares of the conglomerate’s stock after buying an additional 1,048 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Honeywell International were worth $2,332,000 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. Fulton Bank N.A. boosted its holdings in Honeywell International by 0.8% in the 4th quarter. Fulton Bank N.A. now owns 17,514 shares of the conglomerate’s stock valued at $3,956,000 after purchasing an additional 140 shares in the last quarter. One Wealth Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at approximately $213,000. Norway Savings Bank boosted its holdings in Honeywell International by 15.4% in the 4th quarter. Norway Savings Bank now owns 8,187 shares of the conglomerate’s stock valued at $1,849,000 after purchasing an additional 1,094 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $313,000. Finally, Diversified Trust Co boosted its stake in shares of Honeywell International by 8.9% during the 4th quarter. Diversified Trust Co now owns 15,748 shares of the conglomerate’s stock worth $3,558,000 after acquiring an additional 1,285 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on HON shares. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research note on Tuesday, December 3rd. UBS Group reissued a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Barclays decreased their price target on Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $248.21.
Honeywell International Trading Down 0.9 %
Shares of HON opened at $218.19 on Friday. The stock has a fifty day moving average of $226.40 and a two-hundred day moving average of $214.20. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market capitalization of $141.88 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77.
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.
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