Norway Savings Bank Boosts Position in Honeywell International Inc. (NASDAQ:HON)

Norway Savings Bank raised its stake in Honeywell International Inc. (NASDAQ:HON) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,187 shares of the conglomerate’s stock after buying an additional 1,094 shares during the period. Honeywell International comprises 1.0% of Norway Savings Bank’s holdings, making the stock its 29th biggest holding. Norway Savings Bank’s holdings in Honeywell International were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Spartan Planning & Wealth Management bought a new position in shares of Honeywell International during the 4th quarter worth $313,000. Diversified Trust Co increased its position in Honeywell International by 8.9% during the 4th quarter. Diversified Trust Co now owns 15,748 shares of the conglomerate’s stock valued at $3,558,000 after purchasing an additional 1,285 shares during the period. Insight Wealth Strategies LLC raised its holdings in shares of Honeywell International by 3.4% in the 4th quarter. Insight Wealth Strategies LLC now owns 9,180 shares of the conglomerate’s stock valued at $2,074,000 after purchasing an additional 303 shares in the last quarter. Iowa State Bank boosted its stake in shares of Honeywell International by 1.4% during the fourth quarter. Iowa State Bank now owns 7,937 shares of the conglomerate’s stock valued at $1,793,000 after purchasing an additional 106 shares in the last quarter. Finally, First Citizens Financial Corp raised its stake in Honeywell International by 3.9% in the fourth quarter. First Citizens Financial Corp now owns 1,975 shares of the conglomerate’s stock worth $446,000 after buying an additional 74 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

HON stock traded down $1.28 during trading on Tuesday, hitting $220.46. 1,691,678 shares of the company traded hands, compared to its average volume of 2,543,376. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market cap of $143.35 billion, a PE ratio of 25.46, a P/E/G ratio of 2.85 and a beta of 1.06. The stock’s 50-day simple moving average is $225.32 and its 200 day simple moving average is $214.06. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Bank of America lifted their price objective 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 note on Monday, December 23rd. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $248.57.

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.