Wilmington Savings Fund Society FSB Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Wilmington Savings Fund Society FSB raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 122,622 shares of the conglomerate’s stock after purchasing an additional 3,244 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Honeywell International were worth $27,699,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, UBS Group reissued a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.86.

Honeywell International Price Performance

HON stock opened at $205.52 on Friday. The company has a market cap of $133.64 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $225.07 and a two-hundred day moving average price of $215.19. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Honeywell International Inc. will post 9.78 EPS for the current year.

About Honeywell International

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.