Sageworth Trust Co cut its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 55.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,099 shares of the conglomerate’s stock after selling 3,849 shares during the quarter. Sageworth Trust Co’s holdings in Honeywell International were worth $700,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter worth approximately $25,000. Hoese & Co LLP purchased a new stake in Honeywell International in the fourth quarter worth approximately $30,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the 3rd quarter worth approximately $29,000. Financial Avengers Inc. lifted its holdings in shares of Honeywell International by 48.1% during the 3rd 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 boosted its stake in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. 75.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on HON shares. UBS Group reissued a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company decreased 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. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.86.
Honeywell International Stock Down 2.0 %
HON opened at $205.52 on Friday. 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 Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market cap of $133.64 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a 50-day moving average price of $225.07 and a 200 day moving average price of $215.19.
Honeywell International (NASDAQ:HON – Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. Sell-side analysts expect that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.
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.
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