Ingalls & Snyder LLC Acquires 100 Shares of Honeywell International Inc. (NASDAQ:HON)

Ingalls & Snyder LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,174 shares of the conglomerate’s stock after purchasing an additional 100 shares during the period. Ingalls & Snyder LLC’s holdings in Honeywell International were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ZWJ Investment Counsel Inc. lifted its stake in Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 47 shares during the period. Saxony Capital Management LLC lifted its stake in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC lifted its stake in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after purchasing an additional 48 shares during the period. Absher Wealth Management LLC raised its stake in shares of Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in shares of Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Robert W. Baird downgraded 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 report on Friday, October 25th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $205.27 on Friday. The firm has a fifty day moving average of $223.20 and a two-hundred day moving average of $215.11. The stock has a market capitalization of $133.48 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 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%. As a group, equities research analysts predict that Honeywell International Inc. will post 10.3 EPS for the current year.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

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.