Allspring Global Investments Holdings LLC Acquires 6,338 Shares of Honeywell International Inc. (NASDAQ:HON)

Allspring Global Investments Holdings LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 274,975 shares of the conglomerate’s stock after buying an additional 6,338 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Honeywell International were worth $62,017,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Jmac Enterprises LLC lifted its holdings in shares of Honeywell International by 25.8% in the 4th quarter. Jmac Enterprises LLC now owns 4,587 shares of the conglomerate’s stock worth $1,036,000 after purchasing an additional 940 shares in the last quarter. Kentucky Trust Co bought a new position in Honeywell International during the 4th quarter valued at $209,000. Beacon Financial Group lifted its stake in Honeywell International by 64.5% during the 4th quarter. Beacon Financial Group now owns 2,464 shares of the conglomerate’s stock valued at $557,000 after acquiring an additional 966 shares in the last quarter. Signet Investment Advisory Group Inc. lifted its stake in Honeywell International by 50.2% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 24,925 shares of the conglomerate’s stock valued at $5,630,000 after acquiring an additional 8,328 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. lifted its stake in Honeywell International by 35.7% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 2,826 shares of the conglomerate’s stock valued at $638,000 after acquiring an additional 744 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HON shares. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.1 %

HON stock opened at $205.27 on Friday. 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 firm has a market capitalization of $133.48 billion, a PE ratio of 23.57, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The stock has a 50-day simple moving average of $223.20 and a two-hundred day simple moving average of $215.11.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results 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 return on equity of 35.78% and a net margin of 14.82%. On average, equities analysts predict that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

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.