Leo Wealth LLC Buys 20,022 Shares of Honeywell International Inc. (NASDAQ:HON)

Leo Wealth LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 493.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,079 shares of the conglomerate’s stock after purchasing an additional 20,022 shares during the quarter. Leo Wealth LLC’s holdings in Honeywell International were worth $5,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA grew its position in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares during the period. Costello Asset Management INC bought a new position in Honeywell International during the fourth quarter worth $3,092,000. RIA Advisory Group LLC bought a new stake in Honeywell International in the third quarter valued at $6,124,000. Copley Financial Group Inc. acquired a new position in shares of Honeywell International during the third quarter valued at 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 purchasing an additional 4,082 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $209.82 on Friday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company’s 50-day moving average is $225.46 and its 200 day moving average is $215.23. 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 company has a market capitalization of $136.44 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.

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%. On average, equities research analysts forecast that Honeywell International Inc. will post 9.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research reports. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group upped their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $248.29.

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.