Soltis Investment Advisors LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Soltis Investment Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,030 shares of the conglomerate’s stock after purchasing an additional 1,141 shares during the period. Soltis Investment Advisors LLC’s holdings in Honeywell International were worth $2,040,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Baldwin Wealth Partners LLC MA increased its position in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after purchasing an additional 2,611 shares during the last quarter. Costello Asset Management INC purchased a new position in Honeywell International in the fourth quarter valued at $3,092,000. RIA Advisory Group LLC acquired a new stake in Honeywell International in the third quarter valued at $6,124,000. Copley Financial Group Inc. purchased a new stake in Honeywell International during the 3rd quarter worth about $454,000. Finally, Sargent Investment Group LLC boosted its position in shares of Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after acquiring an additional 4,082 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 2.0 %

HON stock opened at $205.52 on Monday. The stock has a market capitalization of $133.64 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a fifty day moving average of $224.52 and a 200-day 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 Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. As a group, analysts expect that Honeywell International Inc. will post 10.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a research note on Friday. UBS Group reiterated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.86.

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.