Quotient Wealth Partners LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Quotient Wealth Partners LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,221 shares of the conglomerate’s stock after acquiring an additional 139 shares during the period. Quotient Wealth Partners LLC’s holdings in Honeywell International were worth $502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Benedict Financial Advisors Inc. grew its position in shares of Honeywell International by 0.8% during the 4th quarter. Benedict Financial Advisors Inc. now owns 26,499 shares of the conglomerate’s stock valued at $5,986,000 after acquiring an additional 201 shares during the period. Richard C. Young & CO. LTD. purchased a new position in Honeywell International in the fourth quarter valued at approximately $6,471,000. Birch Hill Investment Advisors LLC grew its holdings in Honeywell International by 161.4% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 2,902 shares of the conglomerate’s stock valued at $656,000 after purchasing an additional 1,792 shares during the period. Stoneridge Investment Partners LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at $1,180,000. Finally, Forbes J M & Co. LLP lifted its position in shares of Honeywell International by 0.4% during the 4th quarter. Forbes J M & Co. LLP now owns 55,620 shares of the conglomerate’s stock valued at $12,564,000 after buying an additional 241 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HON shares. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $236.00 to $260.00 in a research note on Friday. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $248.86.

Honeywell International Stock Down 2.0 %

Shares of HON opened at $205.52 on Monday. The firm has a market cap of $133.64 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The stock has a 50 day simple moving average of $224.52 and a two-hundred day simple moving average of $215.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12.

Honeywell International (NASDAQ:HON) last issued 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 return on equity of 35.78% and a net margin of 14.82%. On average, analysts forecast that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal 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.