Robertson Stephens Wealth Management LLC Has $884,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Robertson Stephens Wealth Management LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,915 shares of the conglomerate’s stock after purchasing an additional 232 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Honeywell International were worth $884,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at approximately $29,000. Hoese & Co LLP acquired a new position in Honeywell International in the fourth quarter valued at approximately $30,000. Financial Avengers Inc. lifted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HON. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays upped their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Down 5.6 %

Shares of HON stock opened at $209.82 on Friday. The company has a market capitalization of $136.44 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a fifty day moving average of $225.46 and a 200-day moving average of $215.23. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. As a group, equities research analysts predict that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

About Honeywell International

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.