Howard Wealth Management LLC acquired a new position in Honeywell International Inc. (NYSE:HON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,512 shares of the conglomerate’s stock, valued at approximately $267,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Honeywell International by 3.7% during the 2nd quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after purchasing an additional 1,623,768 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Honeywell International by 2,073.6% in the third quarter. Assenagon Asset Management S.A. now owns 573,896 shares of the conglomerate’s stock valued at $97,103,000 after buying an additional 547,493 shares in the last quarter. Johanson Financial Advisors Inc. raised its stake in shares of Honeywell International by 17,788.6% during the 4th quarter. Johanson Financial Advisors Inc. now owns 489,968 shares of the conglomerate’s stock worth $2,768,000 after buying an additional 487,229 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Honeywell International by 75.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 568,800 shares of the conglomerate’s stock worth $96,241,000 after buying an additional 243,800 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Honeywell International in the 4th quarter worth about $35,289,000. 75.56% of the stock is owned by institutional investors.
Shares of HON traded up $0.71 during trading hours on Monday, reaching $175.99. 1,443,364 shares of the company traded hands, compared to its average volume of 2,579,997. The stock has a market capitalization of $125.24 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. The stock has a fifty day simple moving average of $177.76 and a 200 day simple moving average of $172.17. Honeywell International Inc. has a fifty-two week low of $147.19 and a fifty-two week high of $184.06. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.59.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 31st. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.02. Honeywell International had a net margin of 16.73% and a return on equity of 32.21%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the firm earned $1.91 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 8.83 EPS for the current fiscal year.
HON has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Honeywell International from $186.00 to $203.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Credit Suisse Group cut their target price on shares of Honeywell International from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Deutsche Bank upped their price target on shares of Honeywell International from $189.00 to $199.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $184.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, UBS Group started coverage on shares of Honeywell International in a research report on Thursday, December 12th. They issued a “neutral” rating and a $192.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $193.00.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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