Eastern Bank Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Eastern Bank decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,981 shares of the conglomerate’s stock after selling 3,271 shares during the period. Eastern Bank’s holdings in Honeywell International were worth $47,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Persium Advisors LLC purchased a new position in Honeywell International in the 4th quarter valued at $655,000. Bridge Creek Capital Management LLC raised its holdings in shares of Honeywell International by 1.3% during the 4th quarter. Bridge Creek Capital Management LLC now owns 7,385 shares of the conglomerate’s stock worth $1,668,000 after acquiring an additional 95 shares during the period. Cooper Financial Group raised its holdings in shares of Honeywell International by 4.5% during the 4th quarter. Cooper Financial Group now owns 5,230 shares of the conglomerate’s stock worth $1,182,000 after acquiring an additional 225 shares during the period. Wedmont Private Capital raised its holdings in shares of Honeywell International by 17.6% during the 4th quarter. Wedmont Private Capital now owns 8,919 shares of the conglomerate’s stock worth $1,946,000 after acquiring an additional 1,337 shares during the period. Finally, Talbot Financial LLC raised its holdings in shares of Honeywell International by 0.9% during the 4th quarter. Talbot Financial LLC now owns 61,282 shares of the conglomerate’s stock worth $13,843,000 after acquiring an additional 521 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. Barclays cut their price objective on Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $248.07.

Honeywell International Stock Up 0.5 %

HON stock traded up $0.99 during trading on Monday, hitting $219.18. 3,828,221 shares of the company’s stock were exchanged, compared to its average volume of 3,115,330. The business has a 50-day moving average price of $226.40 and a two-hundred day moving average price of $214.20. The stock has a market capitalization of $142.52 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

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.