Sanibel Captiva Trust Company Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,584 shares of the conglomerate's stock after purchasing an additional 2,400 shares during the period. Honeywell International comprises about 0.9% of Sanibel Captiva Trust Company Inc.'s portfolio, making the stock its 26th biggest position. Sanibel Captiva Trust Company Inc.'s holdings in Honeywell International were worth $28,820,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in HON. RIA Advisory Group LLC acquired a new position in Honeywell International during the 3rd quarter worth $6,124,000. Copley Financial Group Inc. acquired a new position in shares of Honeywell International during the third quarter worth about $454,000. EP Wealth Advisors LLC raised its holdings in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock valued at $72,044,000 after acquiring an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Honeywell International by 2.0% in the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate's stock worth $132,155,000 after acquiring an additional 12,755 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its position in shares of Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock valued at $15,199,000 after purchasing an additional 52,830 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.
Analyst Upgrades and Downgrades
HON has been the subject of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note 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. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Wells Fargo & Company cut their price objective on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Robert W. Baird cut shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Hold" and an average target price of $248.29.
Get Our Latest Stock Report on HON
Honeywell International Stock Performance
Shares of NASDAQ:HON traded down $0.11 during trading on Friday, reaching $222.58. The company had a trading volume of 3,349,057 shares, compared to its average volume of 3,230,753. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock's fifty day moving average price is $227.06 and its 200 day moving average price is $214.45. The firm has a market capitalization of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06.
About Honeywell International
(
Free Report)
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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