Beacon Financial Group Acquires 966 Shares of Honeywell International Inc. (NASDAQ:HON)

Beacon Financial Group lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 64.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,464 shares of the conglomerate’s stock after buying an additional 966 shares during the period. Beacon Financial Group’s holdings in Honeywell International were worth $557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HON. Exchange Traded Concepts LLC lifted its stake in shares of Honeywell International by 112.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock valued at $974,000 after purchasing an additional 2,490 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Honeywell International by 4.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock valued at $253,000 after buying an additional 53 shares during the period. Creative Planning lifted its position in Honeywell International by 6.2% in the third quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock worth $47,653,000 after buying an additional 13,420 shares during the last quarter. Brady Family Wealth LLC boosted its stake in Honeywell International by 19.8% during the third quarter. Brady Family Wealth LLC now owns 2,270 shares of the conglomerate’s stock worth $469,000 after buying an additional 375 shares during the period. Finally, Lynch & Associates IN increased its position in Honeywell International by 0.8% during the third quarter. Lynch & Associates IN now owns 27,764 shares of the conglomerate’s stock valued at $5,739,000 after acquiring an additional 221 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.9 %

Shares of Honeywell International stock opened at $205.01 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The stock has a market cap of $133.31 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.55 and a beta of 1.05. The firm’s 50-day moving average is $223.69 and its two-hundred day moving average is $215.18. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HON shares. Royal Bank of Canada lowered their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday. Barclays decreased their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group upped their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $248.71.

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.