Palmer Knight Co Grows Position in Honeywell International Inc. (NASDAQ:HON)

Palmer Knight Co raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,771 shares of the conglomerate’s stock after acquiring an additional 364 shares during the quarter. Honeywell International makes up about 3.7% of Palmer Knight Co’s investment portfolio, making the stock its 14th biggest position. Palmer Knight Co’s holdings in Honeywell International were worth $8,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. OLD National Bancorp IN increased its holdings in shares of Honeywell International by 0.3% in the fourth quarter. OLD National Bancorp IN now owns 24,015 shares of the conglomerate’s stock worth $5,425,000 after purchasing an additional 66 shares during the last quarter. DMC Group LLC increased its holdings in shares of Honeywell International by 10.8% in the fourth quarter. DMC Group LLC now owns 3,308 shares of the conglomerate’s stock worth $747,000 after purchasing an additional 322 shares during the last quarter. Synergy Asset Management LLC increased its holdings in shares of Honeywell International by 93.2% in the fourth quarter. Synergy Asset Management LLC now owns 74,484 shares of the conglomerate’s stock worth $16,072,000 after purchasing an additional 35,932 shares during the last quarter. Baron Wealth Management LLC increased its holdings in shares of Honeywell International by 16.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,609 shares of the conglomerate’s stock worth $364,000 after purchasing an additional 228 shares during the last quarter. Finally, Strategic Planning Group LLC increased its holdings in shares of Honeywell International by 4.3% in the fourth quarter. Strategic Planning Group LLC now owns 18,649 shares of the conglomerate’s stock worth $4,213,000 after purchasing an additional 774 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 0.2 %

Shares of NASDAQ HON opened at $221.05 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market capitalization of $143.74 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.56 and a beta of 1.06. The stock has a 50 day moving average price of $226.17 and a 200 day moving average price of $214.98. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HON shares. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company reduced their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Eleven research 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 company. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $248.29.

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.