Kestra Private Wealth Services LLC Buys 5,224 Shares of Honeywell International Inc. (NASDAQ:HON)

Kestra Private Wealth Services LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,232 shares of the conglomerate’s stock after acquiring an additional 5,224 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Honeywell International were worth $8,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Stephens Inc. AR raised its holdings in Honeywell International by 3.2% during the 4th quarter. Stephens Inc. AR now owns 27,583 shares of the conglomerate’s stock worth $6,231,000 after purchasing an additional 868 shares during the last quarter. Stockman Wealth Management Inc. increased its position 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 buying an additional 1,445 shares during the period. Quotient Wealth Partners LLC raised its stake in Honeywell International by 6.7% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,221 shares of the conglomerate’s stock worth $502,000 after buying an additional 139 shares during the last quarter. Benedict Financial Advisors Inc. lifted its holdings in Honeywell International by 0.8% in the fourth quarter. Benedict Financial Advisors Inc. now owns 26,499 shares of the conglomerate’s stock valued at $5,986,000 after buying an additional 201 shares during the period. Finally, Richard C. Young & CO. LTD. bought a new stake in Honeywell International during the fourth quarter valued at $6,471,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $205.52 on Monday. The company has a market capitalization of $133.64 billion, a P/E ratio of 23.60, a price-to-earnings-growth 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 business has a 50-day simple moving average of $224.52 and a two-hundred day simple moving average of $215.10. 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 announced its quarterly earnings results 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 return on equity of 35.78% and a net margin of 14.82%. Research analysts expect that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup dropped their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $248.86.

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.