Newbridge Financial Services Group Inc. Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Newbridge Financial Services Group Inc. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 254 shares of the conglomerate’s stock, valued at approximately $57,000.

Other hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC increased its holdings in Honeywell International by 15.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 39,232 shares of the conglomerate’s stock worth $8,862,000 after buying an additional 5,224 shares during the period. Stephens Inc. AR increased its stake in shares of Honeywell International by 3.2% in the fourth quarter. Stephens Inc. AR now owns 27,583 shares of the conglomerate’s stock worth $6,231,000 after acquiring an additional 868 shares during the period. Stockman Wealth Management Inc. raised its holdings in shares of Honeywell International by 3.2% during the fourth quarter. Stockman Wealth Management Inc. now owns 46,982 shares of the conglomerate’s stock worth $10,613,000 after purchasing an additional 1,445 shares during the last quarter. Quotient Wealth Partners LLC lifted its position in Honeywell International by 6.7% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,221 shares of the conglomerate’s stock valued at $502,000 after purchasing an additional 139 shares during the period. Finally, Benedict Financial Advisors Inc. grew its position in Honeywell International by 0.8% during the 4th quarter. Benedict Financial Advisors Inc. now owns 26,499 shares of the conglomerate’s stock worth $5,986,000 after purchasing an additional 201 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 1.5 %

Shares of Honeywell International stock opened at $208.52 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a market capitalization of $135.59 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.55 and a beta of 1.05. The company has a 50 day moving average of $224.52 and a 200 day moving average of $215.11.

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, topping 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, research analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HON shares. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.21.

Honeywell International Company 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.