Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,487 shares of the conglomerate’s stock after buying an additional 59 shares during the period. Honeywell International makes up approximately 2.3% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 11th biggest holding. Spectrum Asset Management Inc. NB CA’s holdings in Honeywell International were worth $5,079,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the third quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter valued at about $29,000. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew its holdings in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HON shares. The Goldman Sachs Group boosted their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Barclays increased their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Performance

NASDAQ HON opened at $209.82 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a market cap of $136.44 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The stock’s 50 day simple moving average is $225.46 and its 200-day simple moving average is $215.23.

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

Honeywell International Company 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.