Tectonic Advisors LLC Purchases Shares of 1,187 Honeywell International Inc. (NASDAQ:HON)

Tectonic Advisors LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,187 shares of the conglomerate’s stock, valued at approximately $268,000.

Other large investors have also recently made changes to their positions in the company. ZWJ Investment Counsel Inc. boosted its position in shares of Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC lifted its position in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after buying an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its position in shares of Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after buying an additional 48 shares during the last quarter. Absher Wealth Management LLC lifted its position in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares during the last quarter. Finally, Bill Few Associates Inc. grew its holdings in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after purchasing an additional 49 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 5.6 %

HON opened at $209.82 on Friday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a market cap of $136.44 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.57 and a beta of 1.05. The business’s fifty day moving average is $225.46 and its two-hundred 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.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. Analysts anticipate that Honeywell International Inc. will post 9.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Wells Fargo & Company reduced their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays upped their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. UBS Group reaffirmed 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. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average 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.