Violich Capital Management Inc. Has $14.57 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Violich Capital Management Inc. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 49.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 64,481 shares of the conglomerate’s stock after acquiring an additional 21,235 shares during the quarter. Honeywell International comprises 1.9% of Violich Capital Management Inc.’s holdings, making the stock its 12th biggest holding. Violich Capital Management Inc.’s holdings in Honeywell International were worth $14,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after buying an additional 92,112 shares during the last quarter. Wellington Management Group LLP increased its stake in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC increased its stake in Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Janus Henderson Group PLC increased its stake in Honeywell International by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock valued at $822,458,000 after buying an additional 265,789 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Honeywell International by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after buying an additional 42,287 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON opened at $208.52 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $135.59 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a 50-day moving average price of $224.52 and a two-hundred day moving average price of $215.11.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a research note on Friday. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.21.

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.